I’ve compiled the following graph to pose the question, and prompt debate: should forward HPAs (i.e. annualized home price appreciation rates) converge across regions?
The graph stitches together year-on-year (YOY) price differences both between the CME Case Shiller home price index futures contracts and historical Case Shiller indices, as well … Read More
In yesterday’s blog I touched on the notion that one might be able to use InterCity (IC) Spreads to express a view on the relative HPA performance of one region to another. While some regional pairs might make sense to debate (e.g. BOS v NYM, or LAX v SDG) a … Read More
With yesterday’s release of the Case Shiller index numbers for Dec. 2014, several research firms have posted their projections for home price appreciation (HPA) for 2015. What can you do with these forecasts whether you believe them or think that they are too bullish/bearish?
I’d submit that the CME Case … Read More