3 ms·
Why not just use the Case–Shiller index? It's been around for 18 years, has data from 1890 to today, has a solid methodology that has been scrutinized by many
by rmah 9y ago
Why not just use the Case–Shiller index? It's been around for 18 years, has data from 1890 to today, has a solid methodology that has been scrutinized by many economists, and is the industry standard for US residential home prices. Oh, and it's also widely quoted in the financial media.
- twelvechairs 9y agoCase-Shiller cuts it a different way though. The post is pointing out that city centre areas in general are increasing in value compared to outer areas. Case-Shiller is an index of price trends across different metro areas that doesnt differentiate city centres from suburban areas. I don't think the headline statement for a 'dow of cities' is really useful to implement. But there is a good point in there of society and industry not paying much attention to broad trends in cities. Case-Shiller is well regarded, but its a very blunt tool for analysis.
- mlinksva 9y agoThey're comparing zip-code level Case-Shiller index based on distance from city center. Metro level (which is what is widely quoted as far as I know) does not get at what they're trying to characterize, which is relative demand for housing in more urban environments.