[1]Earlier today, Case-Shiller reported that in May, housing prices dropped by 0.18%, the biggest decline since July 2014 [5]. Hardly a euphoric validation of the Fed's rate hike intentions.
So what was the mainstream media's take on the topic? It all depends on who you ask.
Reuters [6]:
[7]
or the WSJ [8].
[9]
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10544
[3] http://www.zerohedge.com/taxonomy_vtn/term/9311
[4] http://www.zerohedge.com/taxonomy_vtn/term/9184
[5] http://www.zerohedge.com/news/2015-07-28/housing-recovery-case-shiller-home-prices-tumble-most-10-months
[6] http://www.reuters.com/article/2015/07/28/us-usa-economy-homes-index-idUSKCN0Q21G220150728
[7] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/07/case%20shiller%20reuters.jpg
[8] http://www.wsj.com/articles/home-price-growth-remains-solid-in-may-says-case-shiller-1438088503
[9] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/07/case%20shiller%20wsj.jpg