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USA Today Takes a Closer Look at Case Shiller

August 29, 2012  |  by Anne

Original post from RBI – click here to view!

S&P/Case Shiller released their monthly stats today. If it’s the last Tuesday of the month, it must be time for stale news. But instead of the usual, “this is what happened months ago” in real estate trends, like the rest of the world wasn’t paying attention, it was nice to see this USA Today article address some of the inadequacies of Case Shiller’s methodology instead of just reporting the numbers.

As most informed MRIS customers already know, Case Shiller reports on activity two months after the fact, AND in reporting on sales two months ago, is actually reporting on contract activity that happened five months ago. Makes us feel good that RBI reports come out on the tenth of the month following the month on which we’re reporting (click here to view last month’s report!). We choose to show each month’s actual activity instead of smoothing out the results with multiple month running averages. If there was a spike in contract activity during a particular month, don’t you want to see that and the impact it had on the rest of the year’s buying and selling cycle?

Kudos USA Today for paying attention to the methods and not just the madness in this recovering market!

If you are interested in leveraging the power of RBI data in your business, try rbiEXPERT free for 14 days!

Posted in Featured, RBI

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3 responses to “USA Today Takes a Closer Look at Case Shiller”

  1. Peter Scalise says:

    "…address some of the inadequacies of Case Shiller’s methodology instead of just reporting the numbers…"; how nice to read this! only wish that everyone in the business of real estate, from appraisers and on, would be not only cognizant of this type of inadequacy, but aware of how to read genuine meaning into the "gospel" of published items.

  2. Kathy Fong says:

    I agree. As a Realtor who wishes we weren't the ' last' guys to report, maybe a counter point or counter opinion to CS would be helpful for us? Format in a way that can easily be sent to our client base. Give us ' local' and ' regional' appropriate facts. I'm sorry, CS has wagged my clients for years.
    Time to step up to the plate and put your money where your stats are!

    Go for it!

  3. MRIS_CMO says:

    Kathy "put your money where your stats are" is brilliant! I will suggest our market analytics company (RealEstate Business Intelligence) use it in their promotions with your permission! Speaking of RBI, we have created a Pending Sales Index for MRIS territory and have almost two years' experience with getting the index to become more and more stable. We have also included RBI stats in every Matrix listing to help you combat the CS syndrome many sellers face, Finally, we have added two new CMA products and, and soon, the MRIS Valuation Model (MVM) to help adress sellers who have their own "Zestimates" from consumer sites that are sadly inaccurate – -but still real in the customer's perception. So, we've got a good deal of tools in the MRIS toolkit to help you fight the good fight out there.

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