Bottom May Be Near for Slide in Housing (NYT changed title to bizarrely optimistic)

NYT ^ | May 31, 2011 | DAVID STREITFELD

[Atlas Sneezed]

How low can the market go?

For real estate, some economists say, an end to the seemingly endless decline in housing values might be in sight.

Not immediately. At the moment, prices are still dropping. In 20 large cities, prices fell 0.8 percent in March from the previous month, according to the Standard & Poor’s Case-Shiller Home Price Index released Tuesday. That pushed the closely watched index below its level of two years ago to a new post-bubble low, and put it 33.1 percent under its July 2006 peak.

Few analysts expect housing prices to rebound anytime soon. But quite a few are predicting that the market is close to the moment when things will stop getting worse, which will be a major improvement all by itself.

[Atlas Sneezed]

As reported by Ed Steer http://www.caseyresearch.com/gsd/home the accurately pessimistic title originally: "House Prices Fall to New Post-Bubble Low as More Rent" was changed to the incongruously optimistic title now on the article.

[Bon mots]

During Democratic administrations, the NY Times has all titles optimistic.

During Republican administrations, the sky is always falling.

[mosesdapoet]

American Stalinist Broadsheet issues glowing forcast disguising Obama regieme construction housing failure.

[BilLies]

Perhaps the headline writer may just have unconsciously been thinking of Congressman Weiner’s email escapade.

[scooby321]

Keep it up dummies. People know that their house is basically a car.

Once you buy it you lost money.

[SuzyQue]

While that may be true right now, I don’t think it has been historically.

[fatrat]

the price of housing MUST continue to fall until the average family can afford the average home. and that point is still far away as the average family’s finances continue to deteriorate due to inflation in food and energy prices and lack of jobs.

[jpsb]

Exactly correct, and with real unemployment at 20%, wages stagnant for 30 years and government spending running amuck very few people can afford to buy a home. The train wreck continues in slow motion.