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The Case-Shiller Index IS normalized for inflation. "The indices kept by Standard and Poor are normalized to have a value of 100 in January 2000." Source: htt
by lazerpants 8y ago
The Case-Shiller Index IS normalized for inflation.
"The indices kept by Standard and Poor are normalized to have a value of 100 in January 2000."
Source: https://en.wikipedia.org/wiki/Case%E2%80%93Shiller_index https://en.wikipedia.org/wiki/Case%E2%80%93Shiller_index
- phyller 8y agoI wouldn't be surprised if I misunderstood, but how is that normalized for inflation? Is the currency in January 2000 going to change in value? This chart from the same wikipedia article seems to show that inflation adjusted (dotted line), the prices are less than 30% higher than in 2000: https://en.wikipedia.org/wiki/Case%E2%80%93Shiller_index#/media/File:Case_shiller_janv09.jpg https://en.wikipedia.org/wiki/Case%E2%80%93Shiller_index#/me...
- lazerpants 8y agoHmm... After reading the index methodology, I think you're right. I had thought their indexing accounted for inflation, but it doesn't seem to based on the PDFs I skimmed.