Why the Housing Figures Differ
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David Wessel of The Wall Street Journal Online explains why, when tracking home prices, getting a clear picture of the recent past might be more difficult than you think.
The two best barometers of housing prices are the Office of Federal Housing Enterprise Oversight's index and the Standard & Poor's Case/Shiller index. Both are based on the same concept that looks at repeat sales of the same houses yet, as Wessel points out, there are significant discrepancies in the resulting numbers and with housing prices so important to the health of the economy, people want to know "why these two carefully constructed measures differ."
Read more at Tracking Housing Prices, why the Numbers Conflict .
David Wessel of The Wall Street Journal Online explains why, when tracking home prices, getting a clear picture of the recent past might be more difficult than you think.
The two best barometers of housing prices are the Office of Federal Housing Enterprise Oversight's index and the Standard & Poor's Case/Shiller index. Both are based on the same concept that looks at repeat sales of the same houses yet, as Wessel points out, there are significant discrepancies in the resulting numbers and with housing prices so important to the health of the economy, people want to know "why these two carefully constructed measures differ."
Read more at Tracking Housing Prices, why the Numbers Conflict .
Labels: home sales, industry news, market
