Tom Blumer writes on the NewsBusters site that the Associated Press seems to always accentuate the negative in the National Association of Realtors report on the housing market.
“But that is most emphatically not what the Associated Press did with yesterday’s NAR report on the state of the national housing market.
“Instead, AP failed to report overall statistics in favor of reporting individual metro areas; ignored most of the legitimately good news; ignored an important piece of historical context; and, most importantly, and as has been the case for well over a year in the national business press, emphasized reductions in unit sales while de-emphasizing much smaller reductions in sale prices.”
Read more here.
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I'm puzzled why you are linking to this right-wing criticism by an accountant. The guy complains whenever a news report on the economy is gloomy (perhaps because he thinks it reflects poorly on the Republican in the White House.)