Recent media reports indicate that house prices are rising so I was curious to see how often the news reports on the Case Shiller house price index mentioned ‘inflation.’ I also wanted to see just how bad housing inflation is. But lo and behold, in reading the news reports I learned that there is no inflation in housing.
A CNBC.com post on the Case Shiller used the word ‘gains’ 4 times and ‘higher’ 6 times, but did not mention ‘inflation.’
Business Insider used ‘higher’ 2 times, and ‘gains’ once. ‘Inflation?’ Zero.
The Wall Street Journal’s piece started with ‘price growth,’ using the ‘growth’ euphemism 10 times, including in the headline. ‘Increase’ showed up 6 times. A total of 16 descriptions of the price change mentioned either growth or increase. ‘Inflate’ or ‘inflation’ how many times? Zero.
Now, Rupert Murdoch owns both the Wall Street Journal and Realtor.com. We shouldn’t expect anything negative from the hired public relations and marketing arm of the NAR.
This post was published at Wall Street Examiner by Lee Adler ‘ December 30, 2015.
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