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BOS CME Futures update

 
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homepricefuturesguy



Joined: 15 Aug 2010
Posts: 22

PostPosted: Fri Jan 25, 2019 12:07 pm GMT    Post subject: BOS CME Futures update Reply with quote

The X20 (Nov 2020) Case Shiller home price index futures for BOS (Boston area) have slipped about 3% over the last few months (as shown in the graph below) but not as much as the 3 California markets (LAX, SDG, and SFR) which are down 5-9%.


There's been no activity in the BOS contracts (other that changes in bids and offers). I'm still very interested in getting a trade done (either outright or versus another region). Please check out my website: www.homepricefutures.com for product information/ trading ideas.


Thanks, John
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ReluctantCapitalist
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PostPosted: Fri Mar 01, 2019 2:21 am GMT    Post subject: Recession-Proof areas? Reply with quote

Hi, really appreciate this board and all the thoughtful discussion. Question: if a recession hits in 2020, as many predict, what towns in the Boston area are most likely to see homes hold their current value (if you're buying now, at the entry level of the market ~$650K)? Is there any town that's genuinely safe, even in a big downturn?

I'm asking because it looks like Cambridge, for instance, was fine in 2008 (in terms of nominal prices)--are there other places?
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PostPosted: Fri Mar 01, 2019 2:55 pm GMT    Post subject: Re: Recession-Proof areas? Reply with quote

ReluctantCapitalist wrote:
Hi, really appreciate this board and all the thoughtful discussion. Question: if a recession hits in 2020, as many predict, what towns in the Boston area are most likely to see homes hold their current value (if you're buying now, at the entry level of the market ~$650K)? Is there any town that's genuinely safe, even in a big downturn?

I'm asking because it looks like Cambridge, for instance, was fine in 2008 (in terms of nominal prices)--are there other places?


In the early days of this message board, they referred to them as
"immune" towns. Lexington, Winchester, Wellesley, Belmont, etc.

Also regardless of town, I think any property walkable to a T or commuter
rail station will hold its value.
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homepricefuturesguy



Joined: 15 Aug 2010
Posts: 22

PostPosted: Mon Mar 25, 2019 5:12 pm GMT    Post subject: BOS Contracts traded on CME Reply with quote

After many months of no activity, I'm happy to report that there has been some trading on the BOS Case Shiller home price index futures, at the CME.

This audience should be aware that the BOSX22 (Nov 2022) contract is quoted 225.0 (bid)/ 231.0 (offer). I'd be happy to buy or sell up to 10 lots (so about $565k exposure) just inside bid or offer.

Also open to quoting other expirations.

Puts and Calls can also be traded.

Contact me (johnhdolan@homepricefutures.com) for details.
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homepricefuturesguy



Joined: 15 Aug 2010
Posts: 22

PostPosted: Wed Nov 20, 2019 3:33 pm GMT    Post subject: Reply with quote

The CME Case Shiller BOS contracts have seen some trading over the summer, and have performed better than other regions (particularly California contracts).
Here's an update on prices

I'm often willing to buy/sell 5 lots at a time (~$250k notional) so DM me if you only see 1x1 (one lot bid/one lot offered) markets.

Further, I've also created an OTC platform for home price index agreements for other cities. Feel free to DM me (Johnhdolan@homepricefutures.com) if you have hedging issues on the top 50 US cities.
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PostPosted: Tue Nov 26, 2019 4:11 am GMT    Post subject: Re: Recession-Proof areas? Reply with quote

Anonymous wrote:
ReluctantCapitalist wrote:
Hi, really appreciate this board and all the thoughtful discussion. Question: if a recession hits in 2020, as many predict, what towns in the Boston area are most likely to see homes hold their current value (if you're buying now, at the entry level of the market ~$650K)? Is there any town that's genuinely safe, even in a big downturn?

I'm asking because it looks like Cambridge, for instance, was fine in 2008 (in terms of nominal prices)--are there other places?


In the early days of this message board, they referred to them as
"immune" towns. Lexington, Winchester, Wellesley, Belmont, etc.

Also regardless of town, I think any property walkable to a T or commuter
rail station will hold its value.



I second that. Traffic is way worse than it was in those early days of this board. Commute time is a quality of life issue. People really value being close to the T or Commuter Train.
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