by Greg Hunter
The latest Case-Shiller Home Price Indices report came out yesterday. This report is considered one of the best measures of the housing market nationwide. It didn’t take long for the mainstream media (MSM) to, once again, spin a non-existent “recovery” story. ABC News’ headline read “Home Prices Rise for Second Straight Month.” The Wall Street Journal headline read “S&P Case-Shiller: U.S. Home Prices Rise 2.2% in May.” While both headlines are 100% true, there is quite a bit of spin in the message. (Click here for the ABC News story and here for the WSJ report.) Reading these headlines, one could easily get the impression the housing market is making a significant turnaround, but the actual Case-Shiller data reveals just the opposite.