Home Prices Are Showing Signs of Improvement: You Can Only Read About It In the Washington Post

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That's because it's not true. The latest data from the Case-Shiller 20 City Index show house prices falling at a 22.4 percent annual rate. That is about as bad as it can get, but the Post says that prices are showing signs of improvement. I guess home prices are moving rapidly back towards their long-term trend level, but that is probably not what most readers would view as an improvement.

--Dean Baker

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