There Sure’s a Lot of Brain-Dead Misreporting About the Case-Shiller Home Price Index this Morning | Wolf Street

So, what the national index told us today is nearly all based on home prices before the impact of the pandemic. It will be another three months – the index to be released on September 29 – before every month in the National Case Shiller Index’s rolling three-month average fully reflects home prices of sales that closed since the beginning of the lockdowns.  Each month will get us a step closer. And even then, it will take a while because house price data is sticky and moves slowly. So be patient.

There Sure’s a Lot of Brain-Dead Misreporting About the Case-Shiller Home Price Index this Morning | Wolf Street