The Case-Shiller/S&P Home Price Index is a measure developed by economists Carl Case and Robert Shiller for Standard & Poor's Corporation. It tracks the price changes of single-family homes in the U.S. by analyzing repeat sales of properties across various metropolitan areas.
The Home Price Index (HPI) is a measure of the relative level of prices in a specific housing market at a specific time. The index values indicate change over time rather than an average or median price in dollars. They are typically pegged to a starting value and show the appreciation or depreciation in housing prices.
The Repeat Sales Price Index (Home Price Index) is constructed using sales data for homes that have sold more than once over the time period covered by the database. It aims to provide an accurate measurement of home price appreciation by analyzing price changes for the same properties over time.
The S&P/Case-Shiller Index, also known as the Case-Shiller/S&P Home Price Index, is a collection of indices that tracks changes in the value of residential real estate in the United States. It is one of the most trusted measures for house price fluctuations across various metropolitan regions.
