Media Wrong Again - This Time on Real Estate

During my time writing about the financial markets, I’ve often found myself correcting miscues of the business media. The most recent misread happened on Monday morning when the monthly Pending Home Sales data was reported poorly by both the business television media and the press. Thankfully, I don’t mind cleaning up the mess for my followers to better understand the true state of things, in this case for real estate. Where the media said the data showed a disappointing deterioration, I found the state of affairs was generally just fine. Though, there was one issue of concern. See the report here.

Real Estate Relative Shares	Monday 11-30-15
SPDR S&P 500 (NYSE: SPY) for Comparison	-0.4%
iShares U.S. Real Estate (NYSE: IYR)	-0.6%
Real Estate Select Sector SPDR (NYSE: XLRE)	+0.2%
SPDR Homebuilders ETF (NYSE: XHB)	-1.2%
MGIC Investment Corp. (NYSE: MTG)	+0.5%
PulteGroup (NYSE: PHM)	-0.9%
Investors Title (Nasdaq: ITIC)	NM
J.P. Morgan Chase (NYSE: JPM)	-0.7%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. This article should interest investors in The New York Times (NYSE: NYT), Gannett Co. (NYSE: GCI), A.H. Belo (NYSE: AHC), Daily Journal (NYSE: DJCO), Journal Communications (NYSE: JRN), Lee Enterprises (NYSE: LEE), Media General (NYSE: MEG), E.W. Scripps (NYSE: SSP), McClatchy Co. (NYSE: MNI), The Washington Post (NYSE: WPO), Dex One (Nasdaq: DEXO), Martha Stewart Living (NYSE: MSO), Meredith (NYSE: MDP), Private Media (Nasdaq: PRVT), Reed Elsevier (NYSE: ENL), Reed Elsevier Plc (NYSE: RUK), Dolan Co. (NYSE: DN), Disney (NYSE: DIS), DreamWorks Animation (NYSE: DWA), Cinemark Holdings (NYSE: CNK), Regal Entertainment (NYSE: RGC), RealD (NYSE: RLD), Lions Gate Entertainment (NYSE: LGF), Rentrak (Nasdaq: RENT), Carmike Cinemas (Nasdaq: CKEC), LYFE Communications (OTC: LYFE.OB), New Frontier Media (Nasdaq: NOOF), Public Media Works (OTC: PUBM.OB), Independent Film Development (OTC: IFLM.OB), Point 360 (Nasdaq: PTSX), Seven Arts Pictures (Nasdaq: SAPX), Affinity Medianetworks (OTC: AFFW.OB), Time Warner (NYSE: TWX), News Corp. (Nasdaq: NWSA), Vivendi (Paris: VIV.PA), Liberty Starz Group (Nasdaq: LSTZA), McGraw-Hill (NYSE: MHP), Pearson Plc (NYSE: PSO), John Wiley & Sons (NYSE: JW-A, NYSE: JW-B), Scholastic (Nasdaq: SCHL), Courier (Nasdaq: CRRC), Noah Education (NYSE: NED), Peoples Educational Holdings (Nasdaq: PEDH), Barnes & Noble (NYSE: BKS), Amazon.com (Nasdaq: AMZN) and Books-A-Million (Nasdaq: BAMM).