Case-Shiller Index

The Case-Shiller Index measures changes in home prices across a specific market over time. It tracks the value of residential real estate by analyzing sales data from repeat transactions, allowing for an accurate gauge of whether home prices are rising or falling. Think of it as a thermometer for the housing market; if the index goes up, home values are increasing; if it declines, prices are falling. This index helps homeowners, buyers, investors, and policymakers understand market trends and make informed decisions based on the current state of housing prices.