“Home price growth screeches to a 6 1/2-year low”

“Home price growth screeches to a 6 1/2-year low, Case-Shiller says,” was the headline in a report about the latest Case-Shiller 20 City Index which showed that the rate of increase in February was marginally less than in January. The article started: “National home price appreciation has thudded back to earth.”

Wow, what catastrophe has occurred? (more…)