My last blog talked about which contract expirations get most of the (limited) trading. This one shows (see table below) where the tightest bid/ask spreads are (today). That’s important as the markets with the narrowest bid/ask spreads tend to be the ones with the greatest likelihood of a trade. After … Read More
I continue to be a fan of the work done at Pulsenomics regarding the use of surveys to gauge sentiment related to home prices (either among forecasters, or home owners). The Pulsenomics quarterly survey is (IMHO) the best survey of forward home price expectations by those in the business of … Read More
I encourage all readers to review today’s WSJ article titled “Bidding Wars Back for Homes“. While the title draws from the anecdotes of buyers paying ever-higher premiums over listed prices, the meat of the article is a table from Realtor.com showing how little time houses stay on the market … Read More
Prices of CME housing futures were generally higher after this morning’s release of the February Case Shiller indices.
By the close, prices moved higher (as measured by mid-market levels) in 9 of the 11 contracts (all but BOS and LAV). Advances were lead by the 3 California markets (and Miami). … Read More
The weighting for Case Shiller composite indices (e.g. CUS 10-city, referenced in the CME contracts) may be adjusted 2- 3 years after the 2010 census, per the Case Shiller index methodology. I raise this notion to: 1) increase awareness, 2) minimize concern, and 3) invite those who better understand index … Read More