Prices on the CME home price index futures were slightly higher after this morning’s release of the Case Shiller indices. The table below shows the market quotes on the expiring Nov ’17 contract from yesterday, versus the actual CS #’s released this morning. I would highlight three surprises: DEN and … Read More
Quotes on the CME Case Shiller home price index futures are marginally higher this afternoon (relative to yesterday, and as measured by mid-market values) after this morning’s release of the Case Shiller indices. The biggest gain took place in the LAXX18 contract (where there was one trade today). DENX18 is … Read More
I posted a recap of activity in the CME Case Shiller home price futures contracts for June. You can access in the Reports section or via this link.
The 28-page report contains numerous tables and graphs of relevant information, including a section with graphs, prices and put option quotes … Read More
Much has been written elsewhere on the possible impact of a Trump Presidency on home prices. There are macro issues (e.g. mortgage rates and the fate of the GSEs) as well as possible relative value regional issues (e.g. who will benefit from increased spending on infrastructure vs. who will be … Read More
Pulsenomics recently published their semi-annual survey of homeowners. (You can order a complementary copy here ). The 18-page report is chock-full of surveys (using great graphics) on what people think about home ownership, willingness to buy, and (importantly for traders here) outlook on prices. The survey participants are divided into … Read More
Yesterday’s Case Shiller #’s were both 1) outside bid/ask ranges on the expiring May16 contracts and 2) a reminder that there may be trading opportunities right up to the last days of trading.
The table above shows that 9 (!!!) of the Case Shiller indices were above the offered side … Read More
The CME home price futures were relatively quiet after this morning’s release of the December Case Shiller #’s.
The first table below shows a comparison between the Feb CME markets from yesterday and today’s #’s. Note that there were four regions (CHI, LAV, LAX and SDG) where the index results … Read More