How Is The Housing Market Measured? The Case-Shiller Index, Explained

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The S&P/Case-Shiller Home Price Index is a leading indicator in the realm of real estate that measures the change in value of residential properties across the United States. The Case Shiller Index is a leading measure tracking the performance of the U.S. housing market. Learn about its history, importance, and methodology.

Interpretation The real home price takes into account the effects of inflation and therefore allows for better comparison over time. The ratio in the chart above divides the Case-Shiller Home Price Index by the Consumer Price Index (CPI). The Case-Shiller Home Price Index seeks to measure the price of all existing single-family housing stock. During the early 2000s, the Case-Shiller U.S. Home Price Index, a measure of average home prices, rose continuously until it peaked in March 2006. From March 2006 to May 2009, the index lost 32% of its value. Meanwhile, the stock market experienced similar ups and downs.

Case-Shiller Index: Home Prices Keep Pushing Higher

Graph and download economic data for S&P CoreLogic Case-Shiller U.S. National Home Price Index from Jan 1947 to Jul 2025 about HPI, housing, price index, indexes, price, USA, headline figure, average, all items, urban, consumer, CPI, and inflation. Case-Shiller Home Price Index A house price index (HPI) measures the price changes of residential housing as a percentage change from some specific start date (which has an HPI of 100). Methodologies commonly used to calculate an HPI are hedonic regression (HR), simple moving average (SMA), and repeat-sales regression (RSR).

Case-Shiller house price index 2020. Includes inflation-adjusted prices for New York, Los Angeles, Chicago, Miami, Boston, Phoenix, San

The FHFA House Price Index® (FHFA HPI®) is a comprehensive collection of publicly available house price indexes that measure changes in single-family home values based on data that extend back to the mid-1970s from all 50 states and over 400 American cities. The S&P Case Shiller Index is a widely recognized and respected measure of the U.S. housing market. It is often used by economists, analysts, and investors to gauge the health and performance of the housing sector. This index provides valuable insights into housing affordability, allowing us to Dynamics in the housing market: uses of the house price index and policy implications The HPI has been used in conjunction with other macroeconomic statistics to build derived indicators for the analysis of the housing market dynamics.

The S&P Corelogic Case-Shiller home price index tracks monthly changes in the value of residential real estate in 20 metropolitan regions across the nation. Composite indexes and regional indexes measure changes in existing home prices and are based on single-family home resales. Condominiums and co-ops are excluded as is new construction. Note that

United States House Price Index

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Real Estate to Gold Ratio

Two home price indices were released on Tuesday: the S&P CoreLogic Case-Shiller and the FHFA House Price Index (sometimes referred to as HPI). View data of a benchmark of average single-family home prices in the U.S., calculated monthly based on changes in home prices over the prior three months.

Case-Shiller: Not Just a Home Price Index As foreclosures continue to mount across the country, the Case-Shiller Index’s inclusion of distressed sales masks true changes in home values. Zillow analysis shows the indicator is becoming increasingly detached from underlying home values.

The staying power of Case-Shiller, a marquee housing metric It’s not the most timely home price indicator, but it does have advantages, including mapping prices over long periods.

Interpretation The real estate to gold ratio measures the amount of gold it takes to buy a single family house. Based on the pioneering research of Robert J. Shiller and Karl E. Case, the Case-Shiller Home Price Index is generally considered the leading measure of US residential real estate prices.

House Prices IndicatorsThe S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index is a composite of single-family home price indices for the nine U.S. Census divisions and is calculated monthly. It is included in the S&P CoreLogic Case-Shiller Home Price Index Series which seeks to measure changes in the total value of all existing single-family housing Case Shiller Home Price Index in the United States decreased to 342.90 points in June from 343.04 points in May of 2025. This page provides the latest reported value for – United States S&P Case-Shiller Home Price Index – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Explaining the methodology behind the SANDP Case Shiller Index

View monthly updates and historical trends for Case-Shiller Home Price Index: National. from United States. Source: Standard and Poor’s. Track economic da Introduction Moody’s Analytics uses a combined econometric forecast model for the Federal Housing Finance Agency home price indexes and the CoreLogic Case-Shiller Home Price Indexes. The econometric model uses the relationship between the Case-Shiller home price and the FHFA home price indexes in national, state and metropolitan area housing markets. The Just like other types of goods, house prices are also determined through the interaction of the market forces of demand and supply. Robert Shiller, case-shiller index co-founder, is known for his extensive research on the dynamics and predictions of the housing market and the stock market.

The Case-Shiller Index is a critical tool for understanding the nuances of the real estate market, offering a comprehensive snapshot of housing price trends over time. Developed by economists Karl Case and Robert Shiller, this index is widely regarded as The Raw data set only contains Case-Shiller indices. The index points are presented in the same frequency used to calculate each index–annual, semiannual or quarterly. The frequency of the index points depends on the number of sale records available across the entire historical span of an index. Markets with larger numbers of sale records will have quarterly frequency indices, The housing market can be a crucial indicator of the overall health of an economy. For investors, it’s important to have reliable tools and metrics to gauge the strength and trends of this market. One of the most recognized and utilized metrics for tracking U.S. residential housing prices is the Case–Shiller Index. Here’s an in-depth look at what it is, how it’s calculated, and its

The S&P CoreLogic Case-Shiller Home Price Indices are respected measures of US residential real estate prices. Learn the full meaning here.

View data of a benchmark of average single-family home prices in the U.S., calculated monthly based on changes in home prices over the prior three months.

The S&P CoreLogic Case-Shiller Home Price Indices are a set of widely followed benchmarks that track changes in residential home prices You’ve probably heard the Case-Shiller Index mentioned repeatedly in the news. Maybe you know it has something to do with home prices and the housing market. But what is this index, exactly, and The American housing market continues to show remarkable resilience, with the S&P/Case Shiller U.S. National Home Price Index reaching an all-time high of 325.78 in July 2024.

Definition The Case Shiller Index, also known as the S&P/Case-Shiller Home Price Indices, is a measure used to track changes in the value of residential real estate in major metropolitan regions across the United States. It was developed in the 1980s by economists Karl Case and Robert Shiller. The index is calculated by comparing the selling price of a home Case-Shiller Index shows prices still rising, but more slowly In addition to the 2.3 percent overall increase, May home values also increased annually by other measures.

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