Bloomberg Runs Flat-Out False Case-Shiller Headline

Bloomberg Headline: Home Prices in 20 U.S. Cities Rise for Fourth Month

Hey, cool! The housing downturn must be over if home prices rose in all twenty of the cities tracked by Case-Shiller, right?

Right?

…way down in the 11th paragraph of the article:

Compared with the prior month, nine of the 20 areas covered showed an increase while 10 had a decline.

Hey, wait a minute, that’s not what the headline said at all!

The AP was running blurbs with the same headline as well (including on this Seattle Times article), but they have since been changed. Here’s a screenshot of the Bloomberg article.

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About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.