What are the 20 cities in the Case-Shiller index?
The S&P CoreLogic Case-Shiller 20-City Composite Home Price NSA Index seeks to measures the value of residential real estate in 20 major U.S. metropolitan areas: Atlanta, Boston, Charlotte, Chicago, Cleveland, Dallas, Denver, Detroit, Las Vegas, Los Angeles, Miami, Minneapolis, New York, Phoenix, Portland, San Diego.
What does the Shiller index measure?
Index Objective The S&P CoreLogic Case-Shiller U.S. National Home Price Index (“the U.S. national index”) measures the value of single-family housing within the United States. The index is a composite of single-family home price indices for the nine U.S. Census divisions and is calculated monthly.
What cities are in Case Shiller index?
The 10-city composite index covers Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco, and Washington, DC.
How often is the Case Shiller index calculated?
monthly
The index is a composite of single-family home price indices for the nine U.S. Census divisions and is calculated monthly. The S&P CoreLogic Case-Shiller city indices reflect the average change in home prices in a particular geographic market.
How accurate is the Case-Shiller home price index?
It’s not perfect but the Case-Shiller Home Price Index is a more accurate measure of house price changes than either average or median house price because the Case-Shiller Index looks at changes in the sales prices of individual houses over time. However, the Case-Shiller Index has one big problem – it’s SLOW.
What does a Case-Shiller value of 200 mean?
The Case-Shiller Home Price Index measures house price inflation by looking at repeated sales of the same single-family houses. The price of houses in January 2000 is given the value of 100. So a Case-Shiller value of 200 means house prices have doubled since January 2000.
What was the Case Shiller index in November 2020?
For example, using the year 2000 as the baseline, the inflation-adjusted Case Shiller Index for the USA in November, 2020 was 151 using CPI-U, and 159 using CPI-U Less Shelter.
How does Case-Shiller measure inflation in the housing market?
Since Case-Shiller itself directly measures home price inflation, it’s better to use a deflator that doesn’t also incorporate housing price changes. Real home prices were a bit higher using “CPI-U Less Shelter” as the deflator.