Case-Shiller has just reported that home prices are up 12.2%. Should homeowners be jumping for joy? In this video segment, Motley Fool analyst Austin Smith discusses with host Chris Hill how Case-Shiller's methodology leaves its figure significantly higher than other agencies' figures, and gives investors some insight into how to interpret these numbers. He also warns that buying a home as an investor may not be the right way to play these rising home prices and gives some key alternatives that he prefers.

Austin Smith and Chris Hill have no position in any stocks mentioned. The Motley Fool recommends Caesarstone and Tile Shop Holdings and owns shares of Tile Shop Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.