This morning's Case Shiller index updates were in line with quotes on the expiring (Feb '21) CME Case Shiller futures contract. Longer-dated market were up a small amount today in light trading.
Will the recent storms changes expectations on Texas home prices? Might owners in Austin, Dallas, El Paso, Houston, and San Antonio look to reduce exposures? Might there be anyone looking to eventually move to Texas who sees a dip in risk transfer prices as an opportunity.
How might Phoenix homeowners capture some of the bullish expectations without having to sell their homes? How might future Phoenix homebuyers get exposure to greater than expected gains in Phoenix home prices? Calls (and other options).