Robert Shiller of the Case-Shiller Housing Market Index
Real estate investors, lenders, brokers and increasingly homeowners need to track home values more closely to make decisions that have outsize effects in their personal financial lives and collectively on the economy. One of the most watched housing indices is something called the Case-Shiller Index developed by Yale economist and author Robert Shiller and his graduate student, Mr. Case. The index is so closely watched because it tracks price movements of actual homes in major markets over time rather than rely on statistical medians that cannot correct for differences in the types of homes that are developed and sold in regional or SMSA markets in different market cycles.
To understand real estate market cycles I highly recommend reading a book by author Robert Campbell. Campbell also publishes a bi-monthly real estate market timing newsletter the predictions from which I share with my clients.
But, for more insight from Robert Shiller check out this recent interview with Robert Shiller by the Motley Fool:
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