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
Fortify your mind! Join the Prospect today
Support The American Prospect's independent, nonprofit journalism by becoming a member today. You will stay engaged with the best and brightest political and public policy reporting and analyses, and help keep this website free from paywalls and open for all to read. Our membership levels offer a range of perks including an opt-in to receive the print magazine by mail.
