A story in CNN Money claims that home prices see a record drop. Their image, based on Standard and Poor’s and Fiserv data however, shows a 23% rise in San Francisco:
That must be a mistake, given the text and tone of the story, which suggests market insecurity will continue:
“Since August 2006, there has not been one month where we have seen overall price increases, as measured by the two Composites,” said David Blitzer, Chairman of the Index Committee at Standard & Poor’s.
An image is worth a thousand words, though, and San Francisco is not mentioned in the article. In the next few days I may publish a few charts and images I have developed to illustrate the identity theft and breach numbers. I hope to do a little better.