Case-Shiller Index
The S&P CoreLogic Case-Shiller Index is widely recognized as the most accurate way to look at house price appreciation in a city, between cities, and nationally. The index measures home price data and provides an overview of the health of the housing market. Created by economists Karl Case and Robert Shiller, it tracks the rise and fall of the price of single-family residential homes across the nine US census divisions. It entails tracking when someone purchases a property and when it is sold, and then looking at the difference between these two prices. The Case-Shiller Index is one of the most well-renowned measures of house valuations in the United States, and is closely monitored by economists and investors.
ABOUT THE CASE-SHILLER INDEX
The Case-Shiller Index is widely recognized as the most accurate measure of changes in house prices over time.
The index has become a widely used and respected barometer of the U.S. housing market and the broader economy.
Using time-tested repeat-sales methodology, CSIs are value-weighted and based on observed changes in the value of actual sales.
The index has been trusted for decades by government entities, Wall Street, and leading financial institutions worldwide.
Some of the alternatives for the Case-Shiller Index include the Federal Housing Finance Agency's (FHFA) Housing Price Index (HPI), First American CoreLogic's LoanPerformance Home Price Index, and the IAS360 House Price Index.
3 CASE-SHILLER HOME INDICES
The national home price index covers nine major census divisions and is calculated monthly using a 3-month moving average.
The 10-city composite index covers Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco, and Washington, DC. It is published on the last Tuesday of each month at 9 a.m. Eastern Time.
The 20-city composite index includes all of the above cities, plus Atlanta, Charlotte, Cleveland, Dallas, Detroit, Minneapolis, Phoenix, Portland (Oregon), Seattle, and Tampa. It also is published on the last Tuesday of each month at 9 a.m. Eastern Time.