Case-Shiller index


Also found in: Acronyms.

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.
References in periodicals archive ?
Next, we will illustrate how one often overlooked data feature--whether to include REO and foreclosure sales in the index construction--has caused underlying properties in the FNC RPI and Case-Shiller index to exhibit differences that could have important implications for measuring recent home-price movement.
In the Case-Shiller index, distressed sales are pooled with non-distressed and each is paired with a prior sale that also could be a distressed sale or not.
Sales pairs with approved data are aggregated with all other sales pairs found in a particular Census division, state, metropolitan area, county, or ZIP code market to independently calculate each Case-Shiller index.
Sales pairs with approved data are aggregated with all other sales pairs found in a particular Census division, state, metro area, county, or ZIP code market to independently calculate each Case-Shiller index.
Because the Case-Shiller index measures repeat sales of homes in a rolling three-month average, the June data captured some transactions in April and May that were covered by the tax credit.
The fourth quarter drop in the national Case-Shiller Index was sharper than some expected and is the likely reason so many of the economists in the survey revised their forecasts downward," said Zillow Chief Economist Stan Humphries.