first story on cnn.com is housing market plunge. Then the next top story is this about Alito...
The housing market thing is top story at MSNBC as well. Somehow, I don't recall them posting record home ownership equally as prominent. Why do they even bother to deny their bias?
Yes, that's another story. The "plunge" was from October to November. OF course, new housing always "plunges" between october and november. They didn't report the "year-to-year" sales numbers. They DID report that the year-to-year price went up by only 0.3 percent. That is actually important, because it means that prices for new houses in november of THIS year are the same as the prices LAST year.
But without more information, we don't know if that just means that builders this year had to switch to building smaller houses, which would sell for less, becauase of rising interest rates, or if this indicates that the price of a similar house hasn't increased in the past year.
This is why I hate the media, because they are always looking to tell us how bad or good we should FEEL about something, and never bother to give us the information we need to figure it out for ourselves, even though that is the ONE job we really NEED them to do.