Due to the different set reference points, and perhaps calculation differences, the index numbers provided in each data set can be very different. For example, in 4th quarter 2013 https://www.bestcheapwigsonsale.com/, the Standard and Poor 20 city index point was in the 160′s, while the index point for 4th quarter on the Shiller data was in the 130′s. Shiller claims in his book Irrational Exuberance that such a long series of home prices does not appear to have been published for any country.[1]The indices are calculated from data on repeat sales of single family homes, an approach developed by economists Case, Shiller and Allan Weiss who served as the CEO from the company’s inception to the Fiserv sale.[2] Case developed a method for comparing repeat sales of the same homes in an effort to study home pricing trends.[2] He was using data from house sales in Boston in the early 1980s, which was going through a housing price boom.
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