S&P/Case-Shiller U.S. National Home Price Index

DEFINITION of 'S&P/Case-Shiller U.S. National Home Price Index'

An index that measures the change in value of the U.S. residential housing market. The S&P/Chase-Shiller U.S. National Home Price Index tracks the growth in value of real estate by following the purchase price and resale value of homes that have undergone a minimum of two arm's-length transactions. The index is named for its creators, Karl Chase and Robert Shiller.

BREAKING DOWN 'S&P/Case-Shiller U.S. National Home Price Index'

The S&P/Case-Shiller U.S. National Home Price Index is a good benchmark to use when comparing growth rates of residential real estate. Individual metropolitan areas can be compared to the index to see if they are outperforming the national average. The index encompasses all nine U.S. census divisions and is released quarterly.

RELATED TERMS
  1. Real Estate

    Land plus anything on it, including buildings and natural resources.
  2. Composite

    A grouping of equities, indexes or other factors combined in ...
  3. Pending Home Sales Index - PHSI

    An index created by the National Association of Realtors (NAR) ...
  4. National Association of Realtors ...

    A national organization of real estate brokers. The National ...
  5. MBA Purchase Index

    The Mortgage Bankers Association’s weekly measurement of nationwide ...
  6. Index

    A statistical measure of change in an economy or a securities ...
Related Articles
  1. Investing

    Understanding The Case-Shiller Housing Index

    This index is a widely-used and respected barometer of the U.S. housing market and the broader economy.
  2. ETFs & Mutual Funds

    Profit On Your Home's Price - Even If It's Falling

    These investment vehicles can protect you - and even help you profit - when the real estate market falls.
  3. Personal Finance

    8 Signs Your Neighborhood Is On The Upswing

    If you were hard-hit by the real estate crash, you may be wondering when things will get better for you. We show you how to keep tabs.
  4. Personal Finance

    6 Signs Of A Healthy Real Estate Market

    When these indicators align, it is a good bet that a real estate recovery is on the way.
  5. Investing

    The Truth About Real Estate Prices

    Historical housing price data suggests ongoing increases in housing prices, but these numbers don't tell the whole truth.
  6. Personal Finance

    How Real Estate Agents Sell Their Homes For More

    A well-publicized statistic finds that when real estate agents sell their own homes, they tend to get a higher price. But why?
  7. ETFs & Mutual Funds

    What is an Index?

    An index is a statistical means of calculating a change in an economy or market.
  8. Personal Finance

    How to Price Your Home Like the Pros

    Selling a house without using a realtor can be a difficult task. Thankfully the internet has made it easy to list a home like the pros do.
  9. ETFs & Mutual Funds

    The Pros and Cons of Indexes

    Learn about the advantages and disadvantages of stock indexes and passive index funds. Discover how there is an opportunity cost to using index funds.
  10. Personal Finance

    China's Real Estate Bubble

    Major cracks are beginning to surface within the Chinese real estate market.
RELATED FAQS
  1. Which has performed better historically, the stock market or real estate?

    Find out why stocks have historically performed better than real estate in U.S. history, why this makes sense, and why the ... Read Answer >>
  2. Is it possible to invest in an index?

    First, let's review the definition of an index. An index is essentially an imaginary portfolio of securities representing ... Read Answer >>
  3. What are the main segments of the real estate sector?

    Identify the three primary segments of the real estate sector and the metrics used by investors and analysts to gauge the ... Read Answer >>
  4. How does a point change in a major index effect its equivalent exchange-traded fund?

    The S&P 500 and Dow Jones Industrial Index (DJIA) are two of the most well-known indexes tracking the movement of the ... Read Answer >>
  5. What are the pros and cons of using the S&P 500 as a benchmark?

    Learn about the advantages and disadvantages of using the S&P 500 as a benchmark for portfolio performance, and understand ... Read Answer >>
  6. How can I calculate the tracking error of an ETF or indexed mutual fund?

    Understand what tracking error is and learn about the significant difference it can represent for investors who favor index ... Read Answer >>
Hot Definitions
  1. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  2. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  3. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  4. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
  5. Russell 3000 Index

    A market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of ...
  6. Enterprise Value (EV)

    A measure of a company's value, often used as an alternative to straightforward market capitalization. Enterprise value is ...
Trading Center