Case-Shiller Exposed (again), Posted by Dick
Last week, the Washington Post ran an exceptional article that explains why the Case-Shiller index, which gets a lot of media attention for its predictions of a housing collapse, is not a reliable measure of the market.
The piece is a summary of a research study by three very highly regarded academics ( Charles W. Calomiris is the Henry Kaufman professor of financial institutions at Columbia University; Stanley D. Longhofer directs the Center for Real Estate at Wichita State University's business school; and William Miles is an associate professor of economics and Barton fellow at Wichita State). You’ll find an abstract of their research here.
Please pass this along to your fellow REALTORS. We need more news coverage like this! -- Dick Gaylord, 2008 NAR President
