February 2008 S&P Case-Shiller Index
The S&P Case-Shiller Index is based on observed changes in home prices. It is designed to measure the increases or decreases in the market value of residential real estate.For each home sale transaction, a search is conducted to find information regarding any previous sale for the same house. If an earlier transaction is found, the two transactions are paired and are considered a “repeat sale.” Sales pairs are designed to yield the price change for the same house, while holding the quality and size of each house constant.Sales pairs from the following counties are included in the Portland index: Clackamas, Columbia, Multnomah, Washington, Yamhill, Clark (WA), and Skamania (WA).
The first graph shows the year over year changes for the month of February 2008. The index consists of 20 cities and Charlotte is the only city showing price appreciation. Click on any of the graphs for a better image.
The second graph […]
Original post by Clint8200
