tag:blogger.com,1999:blog-13164186.post7936444236475750659..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: Zillow ZHVI vs S&P/Case-Shiller HPIDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-13164186.post-13116018092970435742011-03-18T17:00:28.290-04:002011-03-18T17:00:28.290-04:00Good points.Good points.Jameshttp://blog.jparsons.netnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-37661166545028381192011-03-18T09:19:23.652-04:002011-03-18T09:19:23.652-04:00If foreclosures are so prevalent as to substantial...If foreclosures are so prevalent as to substantially influence the Case-Shiller numbers, then I would suggest that foreclosures *are* the market and the act of excluding them would actually be more distortionary.<br /><br />Also, I think that the Zillow estimates are just as susceptible to potential sellers holding their homes off the market. Their home value estimates are based on recent sales both directly and indirectly (e.g., tax assessments are based on recent sales), after all.anonnoreply@blogger.com