case shiller: Why Case Shiller Numbers Can Be Skewed
- 12/31/08 12:43 AM
Today Inman reported the latest Case Shiller numbers came out: "A monthly home-price index that tracks price changes in 20 U.S. metro areas dropped 18 percent in October compared to the same month last year...The year-over-year decline was the largest on record for the Standard & Poor's/Case-Shiller 20-metro area price index, which dates back over two decades..." I wanted to bring some attention to the way these numbers are calculated, as there are some strong biases which could potentially skew these numbers. The Case Shiller index was invented in the 60's using a methodology that weighted repeat sales data. Before this … (9 comments)
Today Inman reported the latest Case Shiller numbers came out:
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