I often use reader inquiries as prompts for blogs. This week was no different in that I received a question on how might hedging condo price risk differ. That lead me to reviewing some of the information posted on S&P websites.
It turns out that there are S&P Case Shiller … Read More
There’s been an ongoing inconsistency between forward prices in the CME Case Shiller futures, and the quarterly Pulsenomics survey of home price forecasts. CME futures (at least those for 2020 and beyond) are priced at levels that appear to have a much less bullish outlook than the Pulsenomics surveys. There … Read More
I just posted an 18-page recap of (the very limited) activity in the CME Case Shiller futures for the month of July. There are pages with tables of recent outright prices, and price changes, calendar and intercity spread quotes, indicative option prices, and volume and open interest (OI) figures. The … Read More
Quotes on CME Case Shiller home price index futures are slightly lower after this morning’s release of index values for the period ending May. The table below highlights changes from yesterday across the X19 (Nov 2019) expirations. Note (in Mid-Mid change line) that the LAX and NYM futures are about … Read More
An excellent piece of research by Paragon RE on the San Francisco housing market and a tweet by one of my favorite journalists (Mike Rosenberg at the Seattle Times -see tweet here ) prompted me to air the idea of using the SFR (San Francisco area) Case Shiller home price … Read More
A recap of activity in the CME Case Shiller home price index futures has been posted to the Reports section. You can click here to access. The recap includes end-of-month prices, and price changes for the last month, tables on volume, open interest, intercity spread and calendar spread markets, as … Read More
Quotes on the CME Case Shiller home price futures contracts were generally higher after this morning’s release of the Case Shiller numbers for April. The table below highlights prices from near the close yesterday versus early this morning. There are three key highlights;
- Average mid-market prices rose by 0.4 for
… Read More
I’ve posted a set of tables and graphs for the 11 CME regions (the 10-city index and the 10 components). You can find it in the Reports section, or link here.
The HCI (10-city index) package is shown below and is organized with:
- A table (upper left) of recent
… Read More
The CME Case Shiller home price index futures provide a potentially useful platform for hosting the debate of “how much will home prices rise in 2018”. That’s because the Feb ’19 contract settles on the Case Shiller index values announced that month, which are the December 2018 values with the … Read More
I posted a recap of activity in the CME Case Shiller home price index futures for May that can be found in the Reports section or accessed here. The report has pages with graphs of prices, tables of price changes and trading volume, information on calendar and intercity spreads, … Read More