Understanding Real Estate Understanding Real Estate
Understanding Real Estate Understanding Real Estate
Understanding Real Estate Understanding Real Estate
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S&P/Case-Shiller Home Price Indices<br />
S&P/Case-Shiller Shill Home Price Indices: Summary<br />
• Calculated l by Fiserv, published by Standard d & Poor’s<br />
• The settlement index for the CME housing futures and options platform<br />
• 2006 William F. Sharpe Award (Most Innovative Index for Institutional Investors)<br />
• Over 20 years of historical data; 3-month moving average, 2-month lag<br />
• Existing, single-family properties; no appraisals, no new homes<br />
• Repeat Sales Methodology – “the standard,” pioneered by Case & Shiller<br />
• S&P/Case-Shiller Composite-10 Index: integrated in Fed’s bank “stress test”<br />
U.S. Housing: 21 st Century Alternatives for Investment and Risk Management 26