Look at the difference between the Year-over-Year comparisons and the recent trends.
Values are dropping as well, which is cutting into many homeowners’ equity lines. The median price of a previously owned home in June was $215,100, down 6.1 percent from a year previous.
But look at the graph they printed on the same article:
Does it look like values are dropping to you? Funny, to me, it looks like values bottomed in February, and that they’ve risen in April, May, and even more (3.5%) in June.
It boggles the mind that the Times can print such misleading assessments in the face of such clear data.