caseshiller model: The Media Attack Again
- 11/27/07 11:48 AM
Today Standard & Poor's released their report on national home prices. The media jumped on it immediately, especially since it showed a 4+% decrease in prices over the past year. Aside from the fact that S&P's index implies a "national home market," no one bothered to mention what is unusual about the index. (Note, the index covers about 20 metro areas.) The Standard & Poor's index is based on the Case-Shiller model which only uses the same house sold over a period of time. The FHA, unless I'm mistaken, uses the same model. The model has something going for it, most clearly … (3 comments)
Today Standard & Poor's released their report on national home prices. The media jumped on it immediately, especially since it showed a 4+% decrease in prices over the past year. Aside from the fact that S&P's index implies a "national home market," no one bothered to mention what is unusual about the index. (Note, the index covers about 20 metro areas.);)
;)
