Biz: Let’s introduce you guys to a misleading housing number
- 3.8% increase in home prices year-over-year in April source
- » Why it’s misleading: Basically, this number is up 3.8 percent from one of the lowest levels on record. It’s still 30 percent off its peak level. Also, we have to imagine the May numbers will suck even worse, what with that 33 percent drop in new home sales and all.