By Greg Hunter’s USAWatchdog.com

The mainstream media was at it again last week–putting a positive spin on the awful real estate market.  The USA Today headline on top of the “Money” section last Thursday read “Optimism for home sales adds up.”   The story said, The trend is starting to move in the right direction,” says Diane Swonk, chief economist at financial services firm Mesirow Financial.  A string of new housing data is building optimism. Existing home sales in November rose 5.6% from October to a seasonally adjusted annual rate of 4.68 million, the National Association of Realtors reported Wednesday. Demand has steadily improved since bottoming in July following the end of the buyers’ tax credit.”  (Click here for the complete USA Today story.)

Read the full article at:

http://usawatchdog.com/real-estate-spin-continues-by-mainstream-media/

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