AP Is Upset that the Housing Bubble Has not Returned

That is the logical conclusion that would be drawn from an article headlined that "U.S. home price gains weakened in December on slower sales."

The piece begins:

"U.S. home values rose at a modest pace in December, a sign there are too few potential buyers to bid up prices.

"Real estate data provider CoreLogic says home prices rose 5 percent in December from 12 months earlier. That is down from the 5.5 percent price gain recorded in November. It’s much lower than the double-digit gains that o...