Thursday, Sep 28, 2006

US Massachusetts Home Prices Drop 6% in August 2006

Boston Globe: Mass. home prices fall 6.1% as downturn gathers speed

The downturn in the Massachusetts housing market gained momentum in August, with the median price of a single-family home falling 6.1 percent, to $352,000, and the number of sales down 21.6 percent from last year, the Massachusetts Association of Realtors said yesterday. Reports Kimberly Blanton, BostonGlobe Staff September 26, 2006.

Posted by hyrax @ 02:05 AM (614 views)
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7 Comments

1. inbreda said...

Now the thing is that if this happened in England, the article would not read "Home prices fall 6.1% as downturn gathers speed", it would read "Renewed optimism in House Prices as shortage of affordable homes looks set to continue and the number of potential buyers registered with one small estate agent in the northeast of england somewhere rises by 50%"

Don't the journalists at the Boston Globe know how to put a positive spin on bad news?

Thursday, September 28, 2006 10:00AM Report Comment
 

2. harold said...

How odd, rather contradicts the good-news BS from the BBC this morning:

http://news.bbc.co.uk/1/hi/business/5385508.stm

Thursday, September 28, 2006 11:39AM Report Comment
 

3. sovietuk said...

I wonder what training must be like for employee journalists at the BBC. It must consist of numerous intensive "optimism" training sessions. There is also probably a whole department dealing with cauterization of contary thoughts.

Thursday, September 28, 2006 12:56PM Report Comment
 

4. paul said...

I don't think the journalism graduates at the BBC have any "training" at all, but they do all have whopping mortgages and so everything to lose from being bearish.

If I was their editor, I would be asking questions, but the editor probably has two or three buy-toilets *I mean buy-to-lets* so they're not going to object to the furious talking up of the market either.

Thursday, September 28, 2006 01:07PM Report Comment
 

5. inbreda said...

I have a nice image in my mind of pill popping journalists at the beeb sitting in their offiecs with bowls of multi coloured pills supplied by the management. Happy and optimistic all the time.

Thursday, September 28, 2006 03:03PM Report Comment
 

6. harold said...

Just in case the BBC is in any doubt, more from HousePriceCrash.co.u$

http://shopping.news-journalonline.com/ROP/ads.aspx?advid=405282


Thursday, September 28, 2006 08:14PM Report Comment
 

7. indiablue19 said...

I would have to describe "journalists" who are purposely optimistic and happy all the time in spite of the negative facts as liars. And I distinctly remember when Baghdad fell to the marines how everyone laughed about Saddam's media man saying, "Everything's OK." while the armoured tanks were running in all directions around him. "Ah," everyone said, "those third world countries, their media can't do anything but follow the latest dictator's orders." Hhmmm...........

Thursday, September 28, 2006 11:57PM Report Comment
 

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