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.

  1. Real Estate

    Land plus anything on it, including buildings and natural resources.
  2. House Price Index - HPI

    A broad measure of the movement of single-family house prices ...
  3. Index

    A statistical measure of change in an economy or a securities ...
  4. Housing Bubble

    A run-up in housing prices fueled by demand, speculation and ...
  5. S&P/Case-Shiller Home Price Indexes

    A group of indexes that tracks changes in home prices throughout ...
  6. Benchmark

    A standard against which the performance of a security, mutual ...
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