CoreLogic (NYSE: CLGX) announced today that it has acquired Case-Shiller from Fiserv, Inc. in a $6 million deal that closed on March 20, 2013.
CoreLogic will continue to offer its home price index CoreLogic HPI, which represents a geographically comprehensive and current set of home price indices available nationwide.
The CoreLogic HPI and the Case-Shiller Indexes utilize the same baseline methodology of repeat home sales, however, as a result of the acquisition the Case-Shiller Indexes will be renamed the CoreLogic Case-Shiller Indexes.
Additionally, the S&P/Case-Shiller Home Prices Indices will retain their brand name, and all three indices will continue to be distributed and published on their customary time schedules and in current formats, according to CoreLogic.
Dr. David Stiff, chief economist for Case-Shiller, will continue to supervise the preparation of the new CoreLogic Case-Shiller Indexes.
CoreLogic Chief Economist Dr. Mark Fleming will also continue to supervise the preparation of the CoreLogic HPI reports and comment on the findings of those reports.
Written by Jason Oliva