When more is...not

Was that loud thud the housing bubble finally bursting? Depends on who you read, but some feel it's happening:

After another monthly dip in June, sales of previously owned homes have fallen in all four major regions of the United States from a year ago, with nationwide sales volume down 9 percent, according to a report released Tuesday by the National Association of Realtors.

Home prices have flattened, up just 1 percent from a year ago, when housing activity peaked.

Yes, they went up (granted near imperceptibly at just one percent) but the reporting is as though we're on our way up the creek without the paddle or even a boat.

I don't get it.