S&P/Case-Shiller Home Price Indices

What Are S&P CoreLogic Case-Shiller Home Price Indices?

The S&P CoreLogic Case-Shiller Home Price Indices are a group of indices that measure real estate or housing prices. They track changes in residential home prices all through the United States. The group is comprised of three distinct indices. They were developed during the 1980s by three financial analysts and are presently managed by Standard and Poor's (S&P). The data utilized depends on data from properties that have been purchased or sold no less than two times. Results from the indices are distributed consistently.

Grasping S&P CoreLogic Case-Shiller Home Price Indices

S&P CoreLogic Case-Shiller Home Price Indices depend on a steady level of data about single-family properties that have gone through something like two arm's length transactions. This means that the gatherings engaged with these transactions have no pre-existing relationship with each other. Case-Shiller produces indices representing certain metropolitan statistical areas (MSAs) as well as a national index.

The Case-Shiller Index was developed during the 1980s by three financial experts: Allan Weiss, Karl Case, and Robert Shiller. The threesome later shaped a company to sell their research. It was purchased by Fiserv, which classifies the data behind the index. The data is assembled by CoreLogic (an analytics and business intelligence company) and is distributed by S&P.

The group of indices comprises of:

• S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index: The national home price index, which covers nine major census divisions is calculated consistently.
• S&P CoreLogic Case-Shiller 10-City Composite Home Price NSA Index: The 10-city composite index covers Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco, and Washington, D.C.
• S&P CoreLogic Case-Shiller 20-City Composite Home Price NSA Index: The 20-city composite index incorporates every one of the above urban communities plus Atlanta, Charlotte, Cleveland, Dallas, Detroit, Minneapolis, Phoenix, Portland (Oregon), Seattle, and Tampa.
• Twenty individual metro-area indices for every one of the urban communities listed previously.

The data created for the indices is distributed on the last Tuesday of every month at 9 a.m. There is a two-month lag time in the data that is reported, so the report issued in May just covers home sales through March.

The S&P CoreLogic Case-Shiller Home Price Indices are likewise basically known as the Case-Shiller Home Price Indices.

Special Considerations

The Case-Shiller Home Price Indices are utilized as the underlying pricing mechanism in Chicago Mercantile Exchange (CME) real estate futures and options. CME real estate futures and options trade on various indices, representing 10 unique MSAs, and a composite index that represents 20 metropolitan statistical areas.

They represent in any case, the key to the dependability of the indices. Put just, the caveat is that the indices are perfect representations of the housing market. That is on the grounds that they remember just single-family homes for their estimations. Besides, in light of the fact that a portion of the metropolitan areas are so large (like New York City or Los Angeles), having just one value may not precisely represent all areas inside that city.

Features

• They are utilized as the underlying pricing mechanism in Chicago Mercantile Exchange real estate futures and options.
• The S&P CoreLogic Case-Shiller Home Price Indices track changes in single-family residential home prices all through the United States.
• Data from the indices, which were developed during the 1980s by three financial analysts, is delivered by CoreLogic and distributed by S&P.
• Data is distributed on the last Tuesday of each and every month.
• They depend on a consistent level of data on properties that have gone through no less than two a safe distance transactions.