And Yaho Finance Writer Shobhana Chandra states in the opening line that this highlights "one of the biggest obstacles facing the CONOMIC RECOVERY this year." Such reporting is so bad it's almost laughable.

First. There isn't any "economic recovery". The Wholesale Price Index and CPI have both FAR outstipped the tiny blips of growth they occasionally mention. That means that prices are rising while Gross Domestic Product is not, and employment is not. Bad mojo, kids.

Second, housing prices are still TOO HIGH, and have been artificially propped up by politicians. Dropping housing prices are not an OBSTACLE for economic recovery, but a necessary ingredient for one to begin. The prices of these excess homes need to DROP further, by at least 50%, before people with assets and capital will be willing to buy them. The prices need to drop to levels that more closely reflect home values.

With reporters like these, who needs propagandists? Oh, wait, most of the reporters ARE propagandists, some by accident, some by intent.

http://finance.yahoo.com/news/Home-Prices-Fall-More-Than-bloomberg-17950...

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