Today we talk about the HELOC. “Let’s talk about LOCs baby, let’s talk about you and me, let’s talk about all the good things and the bad things that may be, let’s talk about LOCs”. We also talk about the Case-Shiller Index. Case-Shiller, it’s a Thriller!
**HELOC – is a home equity line of credit. It is a loan, using your home as collateral, that lets you borrow up to a certain amount, rather than a set dollar amount.
** Standard & Poor’s Case–Shiller Home Price Indices are repeat-sales house price indices for the United States. There are multiple Case–Shiller home price indices: A national home price index, a 20-city composite index, a 10-city composite index, and twenty individual metro area indices. These indices are calculated and kept monthly by Standard & Poor’s, with data points calculated for the time period of January 1987 through the present. The indices kept by Standard and Poor are normalized to have a value of 100 in January 2000. These Indices are based on original work by economists Karl Case and Robert Shiller, in which their team calculated the home price index back to 1890.
