Local Reaction to Case-Shiller Numbers
Apparently, Case-Shiller’s March statistics showing a 6% drop in Twin Cities house prices provoked a range of reaction, including some questioning its accuracy.
Chris Snowbeck’s piece in the St. Paul Pioneer Press today, “Home Prices Dive — With an Asterisk,” does a nice job cataloguing the responses (including a quote from yours truly). According to Snowbeck, “reaction to the Case-Shiller numbers ranged from skepticism to indifference.”
My take definitely places me on the “indifferent” end of that scale, for the reasons I mentioned on this blog yesterday . . .