Basics: Impact of lagged, moving averages (Aug CS)

While the headlines for this month’s release of the Case-Shiller indices look positive, many who follow this market know that the index does not reflect today’s (8/31/2010) sentiment, but measures a 3-month window, that is lagged two months.

As the illustration indicates, today’s numbers measure the results of home prices … Read More

Basics – CUS 10 v CUS 20

A number of people interested in following the Case Shiller indices have focused on the 20-city index. While this is a broader index, the CME contracts are on the 10-city index.  Therefore, if you’re going to trade the CUS contract, it’s important to know the differences between the two indices.… Read More

Basics – Home Price Indices

There have been some questions about  – “Why use the Case Shiller index”, and “How does it differ from other indices”.  Deutche Bank summarized the differences between the Case Shiller (CS), National Association of Realtors (NAR), and OFEHO indices in the attached writeup from March 2009.   Please contact your DB … Read More

Basics -Geographic exposure

The question has frequently been asked – what specific geographic exposure am I getting when I buy the New York,  Miami,  San Fran, or any other contracts. 

Page 8 of the S&P/Case-Shiller Home Price Indices Methodology report (found in the Reports section here) lists the areas covered, by county, for … Read More