Why does the media report month to month statistics like they mean anything? It’s the year-on-year trend that is important. Note the headline in this item versus the reality.
Pending home sales in U.S. rise
The Associated Press
June 9, 2008 at 10:23 AM EDT
NEW YORK — An industry group says pending homes sales in the United States unexpectedly increased in April to the highest reading since October, but are still off more than 13 per cent from a year ago
- Globe & Mail, 9 June 2008
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