John T. Reed’s news blog

Home market hater Nicole Friedman's negative spin of the day in the WSJ is "Price Rise For Homes Eased In August." . Here is the neutral headline if she were not a Russian disinformation machine or had some other motive for this ignore your lying eyes campaign: double-digit home appreciation rates continue in August. . This is the CoreLogic data. 15.6% appreciation for the 12 months ended July 2022; 13% for the 12 months ended August 2022. . "The second straight month-over-month decline," she spins. "Housing market has slowed abruptly," she laments. "Rapid increase in mortgage rates," she explains. "Pushed...

“Home prices nationwide, including distressed sales, increased by 13.5% in August 2022 on an annual basis.” .https://www.corelogic.com/category/intelligence/reports/home-price-insights/#:~:text=Home%20prices%20nationwide%2C%20including%20distressed,2022%20on%20an%20annual%20basis..Yay! What a great investment! The only one worth a damn nowadays..I publish this as a public service to save you from the mainstream media’s incessant attempts to libel home ownership. The leader of this appears to be the Wall Street Journal’s Nicole Friedman..In today’s WSJ, she had an unusually long 29-paragraph anti-home ownership article. The main metric for investors should be home price appreciation rates. You have to get to paragraph 16 to read this about any such metric: There she reluctantly admits,...

Hi John, Just another quick note this season to thank you for the GAM defense!  Yesterday we won our cross town rivalry game 16-6, bringing our record to 6-0.  We have allowed 12 points in 6 games with the GAM!  I am confident we are going to continue to win alot of football games allowing 2 pts average per game!  We are the only team in our league at any level that runs the GAM.  Fine by me... Currently I am 27-2 over the past 4 seasons running the GAM and I can't thank you enough. Best regards, daleleisenheimer@yahoo.com 10/9/2022

Nicole Friedman, the WSJ's home price appreciation denier has an article titled "Home Prices Suffer a Monthly Decline.".Finally, she has the price drop she has been propagandizing for..Only she doesn't. She has mastered Biden arithmetic. When inflation went from 8.2% to 8.3% (12- month moving average), really old Joe said inflation was just .1%..Normally, the home price numbers reported are 12-month moving averages, to get a downer Nicole changes to reporting a one-month "moving average." If you just compare the Case-Shiller index for July to the one for June, it dropped .3%. If you seasonally adjust it, which you should...

Friday's WSJ anti-home article reports on a diminution in luxury homes sold per month and an increase in days on market. That is Realtor news. What about home buyer/seller news, like prices? .You gotta get to paragraph 14 to see them admit "While [yadda yadda], prices are still holding firm..." Would you believe 20.3% increase in prices in the last year?.I wonder how many Journal luxury home readers committed suicide before they read about the 20.3% increase. Probably not as many as the Journal hoped..The article got a prices-will-decline quote out of a Redfin economist, so all is not lost...