Professors Case and Shiller: Unplugged
In real estate, when we hear the names Case and Shiller we immediately think of the Case-Shiller Price Index. The monthly index is well respected and oft times quoted by the leading economic news sources in the country. From the Wall Street Journal to the Washington Post, from CNBC to Bloomberg News, when residential home prices are debated the report comes front and center. And for good reason. It is one of the most thorough national pricing indices currently available and is now part of Standard and Poor’s library of economic indicators.
This blog often uses their information when we discuss pricing. It also is the critical information used for the Case Shiller Composite Index Future which trades in future housing prices on the Chicago Mercantile Exchange. Other information the professors’ offer can be found on their website MacroMarkets.
However, instead of discussing the data in the report, today we want to discuss the men behind the report: Professors Case and Shiller. We want to report how they, based on the data, see the housing market as we head into the second quarter of 2010.
