  |
        |
   |
|
 |
            
|
 |
|
 Graph a housing market:
Data Downloads  S&P/Case-Shiller Indices
U.S. National Index
Tiered Price Indices Seasonally Adjusted Values Condominium Values Prior EditionsThe basis of the S&P/Case-Shiller Home Price Indices (S&P/CSIs) is the pioneering research of economists Karl Case and Robert Shiller, who, beginning in the 1980's, collaborated and later co-founded Case-Shiller Weiss, Inc. ("CSW") with Allan Weiss in 1991. In May 2002, CSW was purchased by Fiserv, Inc. (NASDAQ: FISV) and is part of the Fiserv lender technology and services vertical.
CSW was created to offer products and services based on its economist founders home price research. The firm built upon those research efforts in the areas of data collection, filtering, analysis, and modeling and amassed a large national database of residential real estate information. CSW's extensive database has been combined with proprietary software to produce the REdex Library™, a suite of U.S. residential real estate indexes and related metrics that includes The Case-Shiller® Indexes ("CSIs"), and CASA®, a market-leading automated property valuation service. The Fiserv / CSW organization continuously analyzes and quality-controls residential property data collected from several sources, and uses proprietary software to produce the CSIs for real estate markets throughout the United States. The CSIs were originally developed so that economists, financial institutions, rating agencies and others could study with precision the causes and consequences of home price changes on the U.S. economy. Until their development, the most widely used information on home price changes were indices based on the change of an area's median home prices. Economists were frustrated with this approach, because indices based on median home prices in a particular geographic area can provide misleading indications of price changes as a result of shifts in the sampling of homes that comprise median measures from one month to another. Case and Shiller, building upon research pioneered by economists Martin J. Bailey, Richard F. Muth and Hugh O. Nourse, solved this problem by creating a repeat sales analysis in which only homes that sold at least twice over a period were covered and included in the index, thus creating an "apples to apples" analysis. | |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
| © 2009 MacroMarkets LLC | Privacy Policy | Terms of Use |
| Not FDIC Insured • No Bank Guarantee • May Lose Value • Read the prospectus before investing |
| The information within this website concerning MacroShares is solely for informational purposes and constitutes neither an offer to sell nor the solicitation of an offer to buy securities to any person in any jurisdiction. The information presented herein is not, and is not intended to be, a complete discussion of all material information you should know about MacroShares or any other product. If you are considering purchasing MacroShares or any security, you should thoroughly read the relevant prospectus prior to making a purchase, and carefully consider the investment objectives and policies, risk considerations, charges and ongoing expenses of any security before investing or sending money. MacroShares are risky investments. In addition to the normal risks associated with securities investing generally, due to their unique structure, underlying benchmarks, terms and attributes, MacroShares investments can trade at premium or discounted prices relative to underlying values (UV), and may exhibit higher volatility and have less liquidity when compared to more traditional equity or debt instruments. Although liquidity providers and market makers commonly narrow or eliminate differences between the prevailing market price and corresponding UV corresponding to traded securities through arbitrage, as unique vehicles, investors should expect premium and discounted market prices to prevail over most of the life of a MacroShares investment. Premiums and discounts will be affected by a MacroShare issue’s expected remaining term, interest rates, supply and demand, structural leverage (if any), termination triggers, and other factors. You may lose all of the money that you invest in MacroShares. Any underwriter or dealer participating in the offering can arrange to send you the prospectus upon request. You can also obtain a prospectus by accessing the “Literature” section of this website, by calling toll-free 888-Macros1 (888-622-7671), or by visiting EDGAR on the SEC website at www.sec.gov and searching for company filings under the name of the applicable depositor. All securities transactions by MacroMarkets LLC are conducted through its broker-dealer affiliate, MacroFinancial LLC, member FINRA |