Fama, Shiller, Hansen Win Nobel Prize for Asset-Price Work The Case-Shiller index is a widely used and respected barometer of the U.S. housing market and the broader economy. (investopedia) If youre looking to buy or sell a residential property, youll be interested in whether home prices are going up or down and by how much. If youre selling and prices seem to be increasing, you might want to hold off selling while you wait and see if prices keep going up. If youre buying and you see prices going up, you might want to speed up your purchase decision while there are still deals to be had. Or if prices are declining, you might want to see if you can hold off on your purchase while prices continue to sink. Of course, no person or index can really predict what will happen to home prices. Do people feel confident that now is a good time to make a large, expensive investment? How well is a particular geographic region performing economically? How are businesses that have a large stake in the housing sector performing? The Case-Shiller Index provides insight into all of these questions.
Posted on: Tue, 15 Oct 2013 17:31:34 +0000
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