Wall Street Journal, “Home Prices Climb as Supply Dwindles” Is it So?

“Prices rose by 2.5% in June from a year ago, and by 6% from the previous quarter”
By comparison, in Montgomery County sold prices, were up 4.53% in the second quarter of ’12 compared to the same period in ’11 and up 2.38% in June of this …
year versus last year. This is really very comparable results. But, is it cause for such a large bold headline? Unfortunately, I don’t think so.
Actually, we can already look at the data for July and it shows that prices in July ’12 were up a scanty 1.55% over July ’11.

Barbara Ciment, Associate Broker, Realtor®