patrick.net

I had to laugh. At the end of that article we see.

"The housing market has been showing signs of recovery in recent months. ".

Huh? a 2% drop in medium price mth-mth and that shows signs of a recovery? If that pace continues we have 24% yr-yr depreciation. Some people just need to get slapped. If they meant a recovery in terms of more defaults, foreclosures, supply growing above 6 months again, abandoned houses, etc. , then I would agree. ;)

if you knew what median price meant you'd understand how it could be falling while the market is recovering

toothfairy says

if you knew what median price meant you'd understand how it could be falling while the market is recovering

It could, but it is not. The medium is just one parameter that I consider and believe me I understand what it means. I actually get paid to understand what it means. ;)

RentingForHalfTheCost says

"The housing market has been showing signs of recovery in recent months. ".

Of course it's recovering. And all the underwater used-house owners are recovering with it. Recovering from their denial, that is.

dunnross says

Of course it's recovering.

LOL! well of course the same people over the past years also said..
"soft landing"
"V shaped recovery"
and other crap like that...

And before that ...

"real estate never declines in value"

Its the same people...

toothfairy says

if you knew what median price meant you'd understand how it could be falling while the market is recovering

Somehow, all the housing bulls (now underwater deadbeats) only learned what a median meant on the way down. They were completely ignorant of it on the way up, when median was going up, but only because nobody was buying at the low end.