We all know the old cliche about when politicians lie, "When the lips move." How about the economists? Perhaps, " When the pencil (or calculator, or slide rule) moves? Although there may be more legitimate intent among economists, the result is similar.
Today, we have been informed that November housing prices are down 0.1%, or have we? According to a Marketwatch report, November prices are down 0.1%, but seasonally adjusted November prices are up 0.9%, and year over year November prices are up 13.7%. In the meantime, D R Horton (DHI) reported a huge increase in earnings today which they attribute to increased demand and their ability to raise prices.
I'm not an economist or a politician, but it's obvious that political "facts" and economic statistics are so plentiful that there is at least one that will support any assertion. How's the (real estate) market? I think it's any way you want it to be.
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