Case-Shiller HPI Negative
March 27th, 2007 by 
reality
Robert Shiller’s index is based on tracking the prices of specific properties as they sell and resell. This gives a much better idea of what is really going on than the “median” or other statistically-distorted indices that the NAR favors. It is now diving into negative territory.
News came out after the close to the effect that Beazer Homes was being investigated for criminal fraud by the FBI in respect of its financing activities. I understand that Beazer was turning its loans over to Fannie and maybe more than a few of them have gone sour.
Posted in Real Estate | 