Daniel – All the gory

[cooperthedog]

Daniel – All the gory details of how the Case-Shiller Index is calculated can be found here:

http://www.macromarkets.com/csi_housing/documents/TradableCSI_Primer_Brochure.pdf

I believe you’re right in assuming that the index won’t be able to capture all features of the housing market, but it should be acceptable to “bet” on for retail investors, though institutions may balk at the imprecise underlying.