Posted June 7 2016, 10:30 AM PDT by Matthew Gardner, Chief Economist, Windermere Real Estate

What is the Case-Schiller Home Price Report and why does it Matter?

Posted in Economics 101 Videos and Market News by Matthew Gardner, Chief Economist, Windermere Real Estate

The S&P/Case-Shiller Home Price Indices is a monthly report that analyzes housing data in major metropolitan areas across the U.S. Windermere’s Chief Economist, Matthew Gardner explains what this report is and why we use it to assess the strength of the housing market. 

 


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  • Great way to watch what's going on with housing. I have been watching this for over 15 years and it's been a good indicator of where we really are at and potentially where we might go in housing trends. You can even follow California economics to a certain extent because when housing ticks up so does employment and personal spending habits. Housing puts so many people working in so many sectors that the economy will naturally grow until housing prices stall out. When that happens, unemployment jumps overnight because we all stop buying which in turn can create a recession. Just from a thumbnail perspective I think housing will continue to grow for the next year. The Trump presidency, in my humble opinion, will probably bode well for continued housing growth if changes are made to the Dodd Frank's laws. If credit qualifying is loosened up and the secondary market will agree to more financial risk in its investor market place, then we'll see an uptick with more buyers moving into the housing market. Long term I see inflation because cost of goods will go up not down for building materials and if significant tariff laws change, that will only make goods more expensive for the US. It might make more jobs become available in the US but I believe that will be short lived because of rapid and continued advancements in technology, robotics and micro processing. which will be spurred by large corporations making even more capital investments because of a prolonged good economy. Basically we are looking a "techno union wage busters". Time will tell, but hey, it will be interesting to see how this all goes down in the future.

    Posted November 12 2016, 10:59 AM by Wayne

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