house prices are up doesn`t mean that sales are up

SnowByrd51 | Feb 26, 2013 09:38 AM ET Hello!! Just because prices are up doesn`t mean that sales are up!! Could it be that the distressed housing market has already been bought up by investors. In engineering we call this "Manipulation of Data" Don`t let yourself get fooled. Things are not as rosy as the Scam artists want you to believe.

antisocial | Feb 26, 2013 09:41 AM ET this is entertainment news at its best... one day OMG the sky is falling the next peaches and roses are falling from the sky. lets party...

We.are.being.played | Feb 26, 2013 09:45 AM ET @sidfeinberg | Feb 26, 2013 09:29 AM ET ************* Numbers don`t lie. The last 3 years have been nothing but meteoric rises in prices. How can you argue with 15% appreciation a year, and as the article says 6% in one month? The economy is exploding, the dow is at 14k and real estate is up 45% since 2009. ************* Sid ... Consider the numbers under this light. The drop in prices from the peaks has been arguably - 40 to 75% (depending on where you live). The "meteoric rises" is from a significantly lower price base - so if you use your 45% rise from a 40% base ... that`s at most an 18% retracement of the original peak. All good - but, remember my point is - Will it continue?

His_Name_Is_Barry | Feb 26, 2013 09:49 AM ET @MandyBrazil:home prices overall still very high Says who, you? I think they are very low. It doesn`t matter what we think, only reality matters. So I ask, is the reality lower or higher prices?

Incredulous | Feb 26, 2013 09:50 AM ET @ Mandy - only very high compared to what they are actually worth. In all other respects the prices are low and offer excellent buying ops. Where I live in eastern NC not even the water front prices are moving much, and neither is the property.

Antispeculator | Feb 26, 2013 09:57 AM ET So, let me get this right, home prices have their biggest gains in December, yet we are just hearing about it two months later? No matter how you slice it BS is BS!

brian43 | Feb 26, 2013 09:59 AM ET Like stocks etc.. This is nothing more than a retracement rally in home prices.They will be heading back down.All 1 has to understand is some basic economics.

Market_opinion | Feb 26, 2013 10:03 AM ET But who will pay $16 trillion debt??? It will increase to $25 in the next 10 years.. Spending cuts need to be in place.... Pension are doubled....How can you pay pension of $2.8 every year????

jescott418 | Feb 26, 2013 10:05 AM ET People I have talked to in housing say buyers are getting in because they are affraid if they don`t they will loose out on the low interest. But some are also worrying that people are squeezing in a home purchase which could also lead to another round of forclosures if things in the job market go south.

FACTcheck | Feb 26, 2013 10:06 AM ET Of course the index leaves out 4 of the nations largest metros, including Philadelphia and Houston. Nothing like selective picking, eh?






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