There are multiple ways for us to check the housing market and how the prices of homes are faring, but these platforms do not take into account just how unique each home is in comparison to things like stocks. Realtor.com Chief Economist Jonathan Smoke explains that the unique nature of homes and their prices make reports from sites like Realtor.com background context.
As an example, Smoke uses the multiple interpretations of home price trends that you get from from sites as example of them being simply background context:
CoreLogic, one of the largest property and home sales data providers in the U.S., reported that home prices were up 6% in July through the lens of their repeat sales index. For comparison, NAR reported that the median existing-home sale price in July was up 5% over last year.