The Problems with Case-Shiller

Often times when you read a Real Estate article in the local or national newspaper they quote statistics from the Case-Shiller Report.  The nightly news sometimes quotes stats from Standard & Poor’s Case-Shiller Report.  But how accurate is this report?  From a local standpoint not too accurate, especially for my main market of Downtown Minneapolis.  A very small percentage of Downtown Minneapolis properties are even counted in their report.  Why?  Simple, they don’t view Condos as single family homes so they are left out of the statistics.  On a national level how accurate is it?  Considering it doesn’t include data from every state, and many states include only partial data, that might not be real accurate either.  I guess the moral of the story is if you are interested in the state of the Real Estate market in your area, ask a few trustworthy Realtors who specialize in your neighborhood for their opinion.  And don’t always believe everything you hear/ read in the news.

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