CME Housing Futures Show Expectation the Housing Slump Will Continue

 |  Includes: IAI, IYR, PKB, XHB
by: TickerSense

S&P/Case-Shiller recently released their September home price data. Since the CME now trades futures based on the S&P/Case-Shiller home price indices, we looked to see what the February, May and August 2007 futures are forecasting.

The table below shows the expected percent change in single family home prices in the ten cities that Case-Shiller tracks as well as a composite for the entire country. The change is calculated from the most recent September actual data (the data lags two months) to the 2007 months when the futures contracts expire.

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cme housing futures