Fast Facts

Let The Viewer Beware – Case Shiller Lags and Understates the Bubble

Case Shiller Vs. NAR - Click to enlarge

Here’s how the Case Shiller Index (CSI) press release spun the data on the state of the US single family housing market today: The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.1% annual gain in June, unchanged from last month. The 10-City Composite posted a 4.3% annual increase, down from 4.4% the…

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