Archive for February 12th, 2011

More Media Bad News

Today was the Idaho Statesman’s turn to let you know that homes prices are plummeting. They even called the four paragraph article, “A Sinking Feeling”.

Once again they compared home sales of January 2010 to January 2011. They ask “How can prices be down if sales are up?” As I pointed out in yesterday’s post, with the large number of bank owned properties being sold in January 2011 it is only natural that the median price would be lower.

No where in the article do they mention that the inventory is also at a four-year low. Once again the media only tells part of the story. For the full story please refer to my post dated February 11, 2011 – “January Statistics Boise-2010 vs 2011”.

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