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The indices kept by Standard & Poor are normalized to a value of 100 in January 2000. They are based on original work by economists Karl Case and Robert Shiller, whose team calculated the home price index back to 1990. Case and Shiller's index is normalized to a value of 100 in 1990. The Case-Shiller index on Shiller's website is updated ...
The Case-Shiller index prices are measured monthly and track repeat sales of houses using a modified version of the weighted-repeat sales methodology proposed by Karl Case, Robert Shiller, and Allan Weiss. This means that, to a large extent, it can adjust for the quality of the homes sold, unlike simple averages.
Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2011. [3] On December 30, 2008, the Case–Shiller home price index reported the largest price drop in its history. [4] The credit crisis resulting from the bursting of the housing bubble is an important cause of the Great Recession in the United ...
Recent Case-Shiller index numbers showed another decline in house prices -- prices are now at 2003 levels. At the same time, homebuilder stocks such as Lennar (NYS: LEN) , Pulte (NYS: PHM) , and ...
The Standard & Poor's/Case-Shiller index. WASHINGTON - U.S. home prices fell in most major cities for the second straight month, further evidence that the housing recovery will be bumpy and weigh ...
By Christopher S. Rugaber WASHINGTON -- U.S. home prices rose 9.3 percent in February compared with a year ago, the most in nearly seven years. The gains were driven by a growing number of buyers ...
US house price trend (1998–2008) as measured by the Case–Shiller index Ratio of Melbourne median house prices to Australian annual wages, 1965 to 2010. As with all types of economic bubbles, disagreement exists over whether or not a real estate bubble can be identified or predicted, then perhaps prevented.
The S&P/Case Shiller composite. NEW YORK, Jan 29 - U.S. single-family home prices rose in November, building on a string of gains that point to a housing market that is on the mend, data from a ...