The devil in Case-Shiller housing details - Yahoo! Finance
Some analysts say that the NAR report may present a too-rosy view of that market. Case-Shiller house prices are historically slightly more conservative than price data from the NAR, mostly because the report adjusts for the size of homes being sold, while the NAR’s price index does not. The result is that NAR’s numbers jump when homes at the high end of the market sell strongly, and larger and more expensive homes have lately been selling particularly well, says Jed Kolko, chief economist at real-estate listing site Trulia. “This is why the NAR median sales price has risen so much more than other indexes.”
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