A front page article notes the flood of homes awaiting foreclosure and tells readers: "it masks the full extent of the foreclosure crisis and threatens to depress prices even further just as some parts of the country are hinting at recovery. An article in the business section quotes an economist from Global Insight: "historically, it has taken a while for home prices to rebound after a major decline." Actually, prices do not recover from a housing bubble. The Post and its expert sources should know that.
--Dean Baker
