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Florida Atlantic University


Omitting market risk factor creates critical flaw in case-shiller home price indices

A new study reveals that omitting the market risk factor from the Standard & Poor's Case-Shiller Home Price Indices can create a critical flaw, leading to inaccurate estimates. The authors propose an alternative weight model to properly incorporate the market risk factor and demonstrate its impact using empirical evidence.

SourceFlorida Atlantic University·JournalJournal of Real Estate Research·DateMay 27, 2015