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May 01, 2013

CoreLogic Purchases Case-Shiller from Fiserv

CoreLogic purchased Case-Shiller from Fiserv for approximately $6 million in a deal that closed March 20, real estate analytics firm CoreLogic announced April 24. The acquisition comes with the rights to publish one of the most well-known home price indices — the S&P/Case-Shiller.

“Case-Shiller, one of the most widely recognized experts in home price trends and property valuation services, is a highly complementary addition to CoreLogic’s existing residential property insights platform,” CoreLogic noted in its first quarter financial results released April 24.

The Case-Shiller Indexes will be renamed the CoreLogic Case-Shiller Indexes. However, the S&P/Case-Shiller home price index, closely watched by financial markets to assess the strength of the nation’s housing market, will retain its name.

CoreLogic is responsible for a wide variety of housing reports, including data on prices, mortgage payments and the number of homeowners that have underwater mortgages.

The S&P/Case-Shiller home price index will continue to be published and distributed on their customary time schedules and in their current formats, CoreLogic reported.


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