Quotes on CME Case Shiller home price index futures are higher across the board after this morning’s release of the November Case Shiller #’s.
Using the Nov ’17 contract (X17) as a proxy, mid market prices are up from 0.4 (in LAV and MIA) to 1.2 (BOS) and 1.7 (NYM). … Read More
I’ve attached this month’s recap of activity in the CME Case Shiller home price index futures to the Reports section. (Access here). This 26-page summary has graphs, tables and observations on many aspects of trading in the CS futures.
The key observations include:
–Activity slowed with only 7 … Read More
CME Case Shiller home price index futures contracts did not have much of a reaction to today’s release of the October CS #’s. As shown in the table below, CHI and DEN Nov ’17 contracts are quoted slightly lower (using mid-market levels), while the SDG and SFR contracts (where most … Read More
Given the local economy, it somewhat surprises me that no one in LAV has chosen to use the CME platform to place a “bet” on where the LAV index might be in the future. (i.e. open interest = zero).
I crossed paths with John McCelland (an LAV blogger/ researcher/ real … Read More
I noticed at least three articles in the last few days on the value of home prices in the Northeast. Fitch issued their Q2 Sustainable Home Price report and referred to prices in Seattle and Portland as “overvalued”. Vancouver’s Globe and Mail noted that recent taxes imposed on new foreign … Read More
Since home prices turned up in 2012 the California markets (i.e. LAX, SDG and SFR indices) have consistently outperformed the CUS-10 index.
The graph (to the right) shows year-on-year percent changes in the CUS-index (in black) along with those for LAX, SDG and SFR. It has been a near truism … Read More