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Case-Shiller index

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Case-Shiller index
A family of S&P indices created by Karl Case, Robert Shiller, and Allan Weiss used to measure the nominal value of home prices in the U.S.  The Case-Shiller Indices, which are based on 20 metropolitan statistical areas (MSAs), use data on single-family homes sold more than once (resale homes) and re-sold sale prices to provide a weighted and quality-adjusted assessment of the real estate market.  Calculated each month by Fiserv, Inc., the family of indices consists of 20 MSA indices and two aggregated indices.


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Unlike FHFA, which covers the entire country and reports the smallest decline, the Case-Shiller Index includes only 20 major metropolitan areas, most ofwhich experienced the brunt of the housing turmoil (markets where the boom was greatest and the bust has been the deepest), and therefore tends to depict the greatest variation in the total change.
The FHFA index shows prices actually improving in February, while the Case-Shiller index, which is narrower than the FHFA index in terms of geographic coverage but also includes nonconforming loans which the FHFA index leaves out, simply has prices falling at a slower pace.
One of the more closely watched indicators of residential housing activity is the Standard & Poor's S&P Case-Shiller index, which tracks housing prices in select markets across the country.
 
 
 
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