Core-Logic Acquires Case-Shiller

CoreLogic,rnan Irvine, California based provider of property information, analytics andrnservices, announced today that it had acquired Case-Shiller from Finserv, Inc. on March 20, 2013.   No financial details were disclosed.</p

Core logic noted that it’s home price metrics were complementary to Case-Shiller in that they both use the same baseline methodology, and would continue to offer CoreLogic HPI separately.</p

The Case-Shiller Indices track homernprice changes in one group of 10 metropolitan areas and a second group coveringrnthose and 10 additional areas.  Thern10-City and 20-City indexes are also combined into a composite index.  Both Case Shiller and CoreLogic use the “repeat sales” method forrnindex calculation, analyzing data on single-family properties that have two orrnmore recorded sales transactions.  Thernmethodology was developed by economists Robert Shiller and Carl Case in thernearly 1990’s.  </p

Case-Shiller will continue to publishrnits own Home Price Index supervised by Mark Fleming, chief economist.  David Stiff, chief economist for Case-Shillerrnwill supervise the preparation of the Core-Logic Case-Shiller Indexes and willrncomment on their findings.</p

The most widely recognized Case-Shiller Index will retain it’s name: The S&P/Case-Shiller Home Price Index, though it will be produced by CoreLogic.  The other Case Shiller Indices will be renamed the “CoreLogic Case-Shiller Indexes” according to the release.  The timing and distribution of the report is not affected.</p

More info from CoreLogic can be found HERE.

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