CoreLogic announced the acquisition of Case-Shiller from Fiserv in conjunction with its first-quarter 2013 earnings report.
The acquisition, which closed on March 20, comes with the rights to publish one of the most well-known home price indices—the ()
Before the sale, Case-Shiller was owned by Fiserv and published the regarded S&P/Case-Shiller report while maintaining a licensing agreement with S&P, sources tell HousingWire. CoreLogic's acquisition of Case-Shiller essentially transfers all Fiserv publishing rights and agreements to CoreLogic.
In addition to the widely recognized Case-Shiller Indexes, CoreLogic (CLGX) will continue to offer its CoreLogic HPI, which represents a geographically comprehensive and current compilation of home price data.
The CoreLogic HPI and the Case-Shiller Indexes are complementary measures of home price trends utilizing the same baseline methodology of studying repeat home sales, the company noted.
The Case-Shiller Indexes will be renamed CoreLogic Case-Shiller Indexes.
The S&P/Case-Shiller Home Price Indices will retain their brand name and continue to be published as well as distributed on their customary time schedules and in their current formats.
David Stiff, chief economist for Case-Shiller, will continue to supervise the preparation of the CoreLogic Case-Shiller Indexes and comment on the finding of those indexes. Additionally, Mark Fleming, chief economist for CoreLogic, will continue to supervise the CoreLogic HPI reports.