Case-Shiller Housing Index

The Case-Shiller Housing Index is a Benchmark that measures the relative changes in the prices of residential properties in the United States over time. It is based on a repeat sales methodology, which tracks the price changes of the same properties across different time periods. This Index is widely used by economists, analysts, and policymakers to assess the health of the housing market.

For example, if a home in a specific city was sold for $300,000 five years ago and is now sold for $350,000, the Case-Shiller Index would reflect this change, contributing to the overall Index value for that city. Another case could involve a significant market decline where the Index shows a decrease in housing prices, indicating potential economic issues.