The Case-Shiller index can sometimes overstate the magnitude of price increases because it includes foreclosures.
The Case-Shiller measure has no upper limit and gives more weight to higher-priced homes.
The difference between the OFHEO and Case-Shiller figures arises largely from the treatment of expensive homes.
So my guess is that Ben Bernanke is terrorized by the Case-Shiller Index.
Case-Shiller relies on public records data, hanging back to release the most stable numbers available.
Case-Shiller looks only at homes that have sold at least twice and excludes new construction.
FORBES: What Can Home Owners Learn From Case-Shiller's Home Price Index?
Housing, too, is still soft in the US. The latest Case-Shiller numbers show prices sinking nationwide.
The Case-Shiller Composite Home Price Indices for September will be released on Tuesday, the 29th of November.
Actually, the Case-Shiller home price index rose even more dramatically, with some years showing 15 percent bump-ups.
The Case-Shiller data was complemented by February new home sales numbers, which point to an upward trend.
FORBES: Home Prices Growing As Fast As Before The Housing Collapse: Case-Shiller
The May 10- and 20-City Composite Case-Shiller Home Price Indexes are set to be released tomorrow, July 26.
This week it has been the Case-Shiller Home Price Index, which showed home prices fell again in March.
FORBES: Reality Bites Into Earnings That Follow Economy Lower
The latest Case-Shiller data agrees with recent economic releases that showed housing strengthening on a series of indicators.
FORBES: Housing Still On The Mend: Case-Shiller Shows Prices Up For Fifth-Straight Month
Home prices, according to the Case-Shiller indexes, are still about 30% below their pre-crisis levels across the country.
FORBES: Alan Faena, The Developer Behind The $550M Revival Of Miami's Saxony Hotel
Overall the ten- and 20-city Case-Shiller indices are merely back to mid-2003 levels.
"A little tail wind is a lot better than a headwind, " says economist Chip Case, the "Case" in Case-Shiller.
The July 10- and 20-City Composite Case-Shiller Home Price Indices are set to be released on Tuesday, Sept. 27.
The Case-Shiller data adds to evidence that the market has turned the corner.
Home prices rose 1.3% in April, according to both the 10-city and 20-city composites that make up the Case-Shiller indexes.
FORBES: 10 Million Underwater Mortgages And Shadow Inventory Worth $246B Mean Housing Trouble
And judging by the price of futures contracts based on the Case-Shiller composite index, investors expect house prices to fall further.
To see why, take a look at the Case-Shiller Index for 20 United States metropolitan areas from 2000 until now.
The Case-Shiller index is calculated from changes in prices on individual homes as they are resold during a moving three-month period.
On Tuesday, the Case-Shiller indexes, which Blitzer chairs, revealed the fastest year-over-year growth since mid-2006, with the 10-city composite rising 5.5%.
FORBES: Housing Markets Will Probably Never Return To Pre-Crisis Levels: Case-Shiller Chair Blitzer
Tuesday brings the Case-Shiller Home Price Index and consumer confidence numbers, followed by the ADP Employment Report and factory orders on Wednesday.
FORBES: The Week Ahead: The Market Doesn't Need Another Storm
See Figure 1 for a comparison of both variants of Case-Shiller and their corresponding analogues based on the Zillow Home Value Index.
As this last Case-Shiller report showed, prices fell on a monthly basis, and they have barely managed to return to 2003 levels.
FORBES: Housing Recovery Firming, But Don't Expect A Return To Pre-Crisis Growth
The widely followed Case-Shiller home price index hit fresh lows again.
FORBES: Housing Data Looking Ugly; Stocks Mixed Ahead Of Apple
The Case-Shiller Home Price index this morning will be released at 9.
FORBES: Fiscal Cliff Update: Obama Smartly Shortens Vacation To Resume Talks
The Case-Shiller index reached a bottom last March, which means the year-over-year comparisons could begin to show less dramatic growth in the months ahead.
Upon further inspection of the Case-Shiller data, even after the 1.1% gain in June, home prices are still down 4.5% on a year-over-year basis.
FORBES: Finally Some Good Economic News...If You Don't Look Too Closely
应用推荐