{"id":187440,"date":"2011-06-28T19:04:00","date_gmt":"2011-06-29T00:04:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/06\/28\/this-is-what-qualifies-for-good-economic-news\/"},"modified":"2011-06-28T19:04:00","modified_gmt":"2011-06-29T00:04:00","slug":"this-is-what-qualifies-for-good-economic-news","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/06\/28\/this-is-what-qualifies-for-good-economic-news\/","title":{"rendered":"This is What Qualifies for Good Economic News"},"content":{"rendered":"<p>The fact that <a href=\"http:\/\/www.nytimes.com\/2011\/06\/29\/business\/29econ.html\">homer prices in May fell year over year<\/a>, but they rose month to month:<\/p>\n<blockquote style=\"color: blue;\"><p>Finally, perhaps some good news on housing values.<\/p>\n<p>On Tuesday, the Standard &amp; Poor\u2019s\/Case-Shiller index, a closely watched measure of home prices, posted a rise for April, the first in eight months.<\/p>\n<p>The index increased 0.7 percent, reflecting increases in prices in 13 of the 20 cities tracked. That compared with a 0.8 percent decline in March, when the index hit a new low.<\/p>\n<p>But analysts said it was unclear that a sustained rebound in the housing market was under way, noting that sales were typically stronger in the spring.<\/p>\n<p>David M. Blitzer, the chairman of the index committee at S.&amp; P. Indices, called the April increase a welcome shift from previous months. \u201cHowever, the seasonally adjusted numbers show that much of the improvement reflects the beginning of the spring-summer home buying season,\u201d he added in a statement. \u201cIt is much too early to tell if this is a turning point or simply due to some warmer weather.\u201d<\/p><\/blockquote>\n<p>It&#8217;s the warmer weather, but we have papers trumpeting this because they are desperately trying to pander to your realtors who buy ads in your paper.<\/p>\n<p>The fact that home prices rose a bit in April relative to March isn&#8217;t news.<\/p>\n<p>Thing about it:  The last time home prices rose in the Case-Shiller index was 8 months ago, and 8 months back from April is \u2026\u2026  August \u2026\u2026 Naah, nothing seasonal here.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fact that homer prices in May fell year over year, but they rose month to month: Finally, perhaps some good news on housing values. On Tuesday, the Standard &amp; Poor\u2019s\/Case-Shiller index, a closely watched measure of home prices, posted a rise for April, the first in eight months. The index increased 0.7 percent, reflecting &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[974,1088],"tags":[],"class_list":["post-187440","post","type-post","status-publish","format-standard","hentry","category-hack-journalism","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/187440"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=187440"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/187440\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=187440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=187440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=187440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}