I noticed a headline change in front of my eyes on CNN’s website this morning. First it said “Home prices increase”, then when I clicked on the story the headline read “Home prices dip 4.5%”. This is actually common on CNN’s website (that’s why you got to do your research).
What I found out about home prices, is that it really depends on where you live in the United States. Some areas are seeing increased home prices, usually a good sign of a strong local economy, while in other areas home prices are still falling.
Here’s and example: Cities that showed increases in home prices include Boston and Washington DC. Some cities that continue to have home prices decline are Las Vegas and Tampa.
Normally increased home prices are a good sign of a good economy, but the latest numbers show that even in the cities where home prices are up, overall home prices are still below their highs of 2006. Maybe that explains the alternating headlines on CNN’s website?