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Case Shiller Home Price Indices

By FunTime   Follow   Tue, 28 Aug 2012, 2:38pm   2,289 views   15 comments
In San Francisco CA 94107   Watch (1)   Share   Quote   Permalink   Like   Dislike  

I'd expect this to show up early every Tuesday of release, but didn't see it elsewhere so here goes.

http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us----

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1. robertoaribas Follow Befriend (23) 55 threads 3,793 comments Scottsdale, AZ robertoaribas's website

   1   3:34pm Tue 28 Aug 2012   Share   Quote   Permalink   Like   Dislike   Darrell In Phoenix says Like everyone already stated, prices are down when defaults and REO is included. nobody else stated that. Most other people here are smart enough to google "case shiller index" and find out you are either a liar, or really stupid.

2. EBGuy Follow Befriend 4 threads 2,095 comments

   2   3:39pm Tue 28 Aug 2012   Share   Quote   Permalink   Like   Dislike   Or put more politely (per S&P/Case-Shiller Home Price Indices Methodology): The most typical types of non-arms-length transactions are property transfers between family members and repossessions of properties by mortgage lenders at the beginning of foreclosure proceedings. Subsequent sales by mortgage lenders of foreclosed properties are included in repeat sale pairs, because they are arms-length transactions.

3. robertoaribas Follow Befriend (23) 55 threads 3,793 comments Scottsdale, AZ robertoaribas's website

   3   4:17pm Tue 28 Aug 2012   Share   Quote   Permalink   Like   Dislike   Darrell In Phoenix says And why did you conveniently leave out this part?? When they can be identified from a deed record, non-arms-length transactions are excluded from the pairing process. well obviously they need to be left off. When one family member deeds a property to another family member for "$1 and other valuable consideration" that doesn't precisely mean the home is worth a $1. Obviously, only arms length transactions indicate what prices a market will bear... seriously, darrel, do you work for verizon?

4. robertoaribas Follow Befriend (23) 55 threads 3,793 comments Scottsdale, AZ robertoaribas's website

   4   4:33pm Tue 28 Aug 2012   Share   Quote   Permalink   Like (1)   Dislike   Darrell In Phoenix says And the thousands of foreclosures bought on the courthouse steps across this state are excluded from Case Shiller. of course they are excluded... they don't indicate anything about the value of a home... They were excluded last year, when prices where 20% lower... so given that is an Apples to Apples comparison, explain how the index went up?? I'm going to put you on block. It is a waste of time to talk to someone as ignorant as you...the sad part is, if you weren't so stupid you could learn something from the discussion... but it is what it is you are a complete idiot.

5. EBGuy Follow Befriend 4 threads 2,095 comments

   5   5:01pm Tue 28 Aug 2012   Share   Quote   Permalink   Like   Dislike   Darrell, foreclosures are, by their nature, cash sales (in some cases you may be able to get a hard money lender to back the purchase). They are in no way related to open market sales which allow the use of conventional financing. REO (bank owned property) sales, which are included in the C/S Index, allow an apples to apples comparison with what the home sold for previously on the open market.

6. swebb Follow Befriend (3) 29 threads 490 comments Denver, CO

   6   5:43pm Tue 28 Aug 2012   Share   Quote   Permalink   Like (2)   Dislike   robertoaribas says I'm going to put you on block. It is a waste of time to talk to someone as ignorant as you... Roberto, Do put him on block. He's not ignorant, he's a troll. He gets a kick out of it when you try to argue with him. Just "ignore" him and be happier for it.

7. ELC Follow Befriend (3) 3 threads 657 comments Fort Lauderdale, FL

   7   4:25am Wed 29 Aug 2012   Share   Quote   Permalink   Like   Dislike   Darrell In Phoenix says Stop you're lying.... stop being cowards. Buying into the hype isn't lying. :)

8. CDon Follow Befriend (1) 217 comments

   8   6:29am Wed 29 Aug 2012   Share   Quote   Permalink   Like   Dislike   Defaults & REOs have never been part of the CS index. From 2006-2009 when the CS index fell precipitiously, defaults & REOs were not included. From 2009-2012 when the CS index largely stagnated, defaults & REOs were not included Moreover, from 1987 to 2006 when the CS index rose, defaults & REOs were not included. Are we thus to conclude that prices were falling during this 19 year period as well?

9. dunnross Follow Befriend 28 threads 1,489 comments San Jose, CA Premium

   9   6:46am Wed 29 Aug 2012   Share   Quote   Permalink   Like   Dislike   Protected   robertoaribas says I'm going to put you on block. It is a waste of time to talk to someone as ignorant as you...the sad part is, if you weren't so stupid you could learn something from the discussion... but it is what it is you are a complete idiot. Hi Roberto. I went to Berkeley too, but I guess I missed the class where they taught you how to be a bragging, arrogant SOB. Was, this, by chance, offered through the math department?

10. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

    10   8:00am Wed 29 Aug 2012   Share   Quote   Permalink   Like (1)   Dislike   By Robert Shiller's own admission. http://www.businessinsider.com/robert-shiller-housing-may-have-bottomed-2012-8 "But you know we have lots of clouds on the horizon too." The dreaded "but." Some of the clouds he pointed to were the problems at Fannie Mae and Freddie Mac, which is propping up the housing market and supported by the government. He also made reference to the key macro issues like the eurozone crisis, the slowdown in Asia, and the oncoming fiscal cliff in the U.S.

11. FunTime Follow Befriend (3) 38 threads 801 comments San Francisco, CA

    11   10:22am Wed 29 Aug 2012   Share   Quote   Permalink   Like   Dislike   http://www.bloomberg.com/video/shiller-says-don-t-buy-a-house-just-for-investment-nXSc8TnVRMa26VKK_koGDQ.html

12. robertoaribas Follow Befriend (23) 55 threads 3,793 comments Scottsdale, AZ robertoaribas's website

    12   10:52am Wed 29 Aug 2012   Share   Quote   Permalink   Like   Dislike   bubblesitter says "But you know we have lots of clouds on the horizon too." The dreaded "but." Some of the clouds he pointed to were the problems at Fannie Mae and Freddie Mac, which is propping up the housing market and supported by the government. He also made reference to the key macro issues like the eurozone crisis, the slowdown in Asia, and the oncoming fiscal cliff in the U.S. Yes we do have a lot of dangers out there. But put another way, there has never been a time in history when there weren't clouds out there. Arguably the best time to buy a home in history was at the depths of the great depression, if you could afford it. the best time in history to start a business too, you could get all the materials super cheap... If you did either of those at that time, everybody would have said, "with this economy, you want to buy a home or start a business?" what about A, B,C, etc. etc... I'm not saying gloss over risks, but with rental returns at all time highs on a dollar invested in many markets, I'll take that risk/reward all day long.

13. EBGuy Follow Befriend 4 threads 2,095 comments

    13   11:32am Wed 29 Aug 2012   Share   Quote   Permalink   Like   Dislike   CDon said: Defaults & REOs have never been part of the CS index. The foreclosure is not included, but REOs are. Directly from C/S Methodoloy Subsequent sales by mortgage lenders of foreclosed properties [aka REOs] are included in repeat sale pairs, because they are arms-length transactions.

14. taxee Follow Befriend 88 threads 457 comments El Cerrito, CA Premium

    14   4:34am Thu 30 Aug 2012   Share   Quote   Permalink   Like   Dislike   Protected   robertoaribas says Yes we do have a lot of dangers out there. But put another way, there has never been a time in history when there weren't clouds out there. Arguably the best time to buy a home in history was at the depths of the great depression, if you could afford it. the best time in history to start a business too, you could get all the materials super cheap... Ben talks about being an expert on the great depression. He never said he was on the side of the middle class. Beware of bennies from the fed.

15. marco Follow Befriend 78 comments Black Mountain, NC

    15   5:55am Thu 30 Aug 2012   Share   Quote   Permalink   Like (2)   Dislike   Robertoaribass sounds a little shrill .. I think he's finally learning the lyrics to the song though: "It's time to play the music It's time to light the lights It's time to meet the muppets On the the muppet show tonight It's time to put on makeup It's time to dress up right It's time to raise the curtain On the muppet show tonight"