CoreLogic [1], an Irvine, California-based provider of global property information, analytics, and data-enabled solutions, announced that its name is being added to the S&P/Case-Shiller Home Price Indices [2] effective immediately. The indices will know be known as the S&P CoreLogic Case-Shiller Indices.
“Today’s announcement reflects the essential role CoreLogic plays in powering global, industry-currency real estate indexes. The S&P CoreLogic Case-Shiller Indices and the CoreLogic HPI are used by more than 200 lenders, investment banks, government-sponsored enterprises, regulatory agencies, research institutions and the Federal Reserve,” said Olumide Soroye, managing director, at CoreLogic. “We look forward to expanding our relationship with S&P Dow Jones Indices and continuing to develop data-driven solutions that power smart decision-making within the housing market.”
The S&P CoreLogic Case-Shiller Home Price Indices measure U.S. residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions.
David M. Blitzer, managing director & chairman of the Index Committee at S&P Dow Jones Indices, said, “In 2006, S&P Dow Jones Indices joined with Karl ‘Chip’ Case and Robert Shiller to publish and commercialize the S&P/Case-Shiller Home Price Indices, which were developed by them. In recognition of CoreLogic’s role as the data provider, the name of the indices is changed to S&P CoreLogic Case-Shiller Indices.”