In this hyped-up headline-grabbing world in which we live, those who just glean the headlines will think the real estate market is back in order.

This from Reuters:

U.S. home prices in August rose for the fourth straight month, surpassing forecasts and providing the latest sign that the hard-hit housing market is stabilizing after a three-year slump, according a report on Tuesday.

San Diego’s C-S index went up 1.5% from July to August, 2009, and -8.9% year-over-year.

All it does is give the gleaners a false sense of security that everything is back on track.

Don’t believe it.  Instead, look around your local market area – that’s the real truth.

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