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Professor behind well-known Case-Shiller Housing Index remembered

Oct 5 2016

The late economist Karl Case (pictured above) is known to many as the co-creator of The Case-Shiller Housing Index, one of the most widely-used measures of housing prices in the United States. But to his former economics students, he was affectionately known as “Chip.”

Case, who co-founded the index in the 1980s, died on July 15, 2016 at the age of 69. Of the 4,000 students he taught at Wellesley College in Massachusetts, many recall his love of teaching and friendship during his 34 years at the school.

Suchitra Saxena, who graduated from Wellesley in 1998, majored in economics and took a public finance seminar taught by Case. She recalls that Case and his wife invited the entire class to dinner at their home on top of hosting international students each year for a meal or two.

“I still perk up every time I hear the Case-Shiller Index mentioned on the news,” says Saxena, who recently completed a doctorate in education leadership at Harvard University.

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