http://www.zillow.com/advice-thread/National-Home-Prices-Index/242525/ Zillow Advice | Zillow Real Estate http://www.zillow.com/advice-thread/National-Home-Prices-Index/242525/ Zillow's Chief Economist Dr. Stan Humphries had an interesting take on Case-Shiller. In a <a href="http://www.zillow.com/blog/case-shiller-is-it-really-that-bad/2009/04/02/">blog post</a> he wrote in April, he explained that the index might be overstating the declines in median home prices, thanks to its inclusion of foreclosures.<br/>The Zillow Home Value Index doesn't include foreclosures, however, and we showed a <a href="http://www.zillow.com/reports/RealEstateMarketReports.htm">year-over-year decline in home valuese of 14.2 percent</a> at the end of March. Thu, 04 Jun 2009 21:09:00 GMT http://www.zillow.com/advice-thread/National-Home-Prices-Index/242525/ 2009-06-04T21:09:00Z