The graph below may be the best way of illustrating several points that are key to understanding home price futures, as well as the current debate over home price expectations:
- All home price indices (including Case Shiller) measure events that have taken place a couple of months ago. Since traders
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With the August 2016 contract expiring next week (trading stops 3 PM New York on Monday, valuation as of Tues Case Shiller #’s 9:15) it may be useful to recap the (quarterly) expiration process.
The table below has the Case Shiller index history for 3 months (June, July, and August … 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’ve posted a month-end recap of issues related to trading in the Case Shiller (home price index) Futures to the Reports section (or you can link here). The report has many of the usual data, graphs and tables, on trading, open interest and prices, but as there was not … Read More
With the turn in most home price indices, CME Case-Shiller futures have turned higher -particularly in the front contracts.
The graph below shows the value of each of the 11 CS indices as a percent of the most recent spot index. Values to the left of July 2012 are the … Read More