Yahoo Finance’s coverage if the financial markets is low quality at best, dangerous at worse.

Today, in running a Business Week story on the coming housing bottom, their assessment of the housing market is downright inaccurate: “In ZIP codes across the country, as once-inflated property prices bottom out housing sales are increasing dramatically”

Bottoming? How exactly is a sharply downward sloping line “bottoming?”

Below is a graph of Fairfield, CA — their number one housing market in terms of a rebound in sales.

(Click to enlarge)

Beware of Realtors baring gifts of a bottom.

This entry was posted on Monday, March 30th, 2009 at 9:55 am and is filed under Mortgages. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.