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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

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