CoreLogic Buys Competitor Case-Shiller

California-based CoreLogic, which provides information and analytics about the real estate and mortgage sectors, has acquired home price monitoring firm Case-Shiller in a deal valued at $6m.

Case-Shiller, which was previously owned by financial services technology firm Fiserv, compiles indexes on property value trends. CoreLogic says that the company's services are 'highly complementary' to its own residential property insights platform.

As part of the acquisition, Case-Shiller's monthly housing price report will be renamed the CoreLogic Case-Shiller Index, while the S&P/Case-Shiller Home Prices Indices will retain their brand name.

David Stiff, Chief Economist at Case-Shiller, will continue to supervise the preparation of the new CoreLogic Case-Shiller Indexes, and CoreLogic's Chief Economist Dr Mark Fleming will continue to supervise the preparation of the CoreLogic HPI reports and comment on their findings.

In a statement, Fiserv said that the unit had been sold following an evaluation of its overall business operations.

Web site: www.corelogic.com .