S&P/Case-Shiller Home Price Index

S&P/Case-Shiller Home Price Index Futures
These are the first comprehensive financial tools that make it possible to trade U.S. housing values in a centralized marketplace. They extend to the $21 trillion housing industry the same tools for risk management and investment that previous CME Group innovations have brought to agriculture and finance. These products also provide a way to: 

• Hedge values in down markets
• Take advantage of profit opportunities stemming from price fluctuations in all types of markets

You can trade CSI futures on the following U.S. cities:

Things to know:

• Products are based on the S&P/Case-Shiller Home Price and Composite Indices (CSI)
  • These indices use a repeat sales pricing technique to measure housing markets
• You can trade futures out 60 months to ensure sufficient protection and long-term opportunity
• Expirations vary. Contracts extending out:
  • 18 months are listed on a quarterly cycle of Feb, May, Aug and Nov.
  • 19 to 36 months out are listed on a biannual cycle of May and Nov
  • 37 to 60 months out are listed on an annual cycle of Nov
• You can view free real-time prices on our Web site
  
• Contracts trade electronically on the CME Globex platform
  • Accessible virtually around the clock, around the world
  • Complete price transparency and anonymity
• Block trades available
• CME Clearing clears all trades and guarantees counterparty creditworthiness

About the Case-Shiller Home Price Indices
The S&P/Case-Shiller Home Price Indices measure the residential housing market, tracking changes in the value of the residential real estate market in 20 metropolitan regions across the United States. These indices use the repeat sales pricing technique to measure housing markets. First developed by Karl Case and Robert Shiller, this methodology collects data on single-family home re-sales, capturing re-sold sale prices to form sale pairs. This index family consists of 20 regional indices and two composite indices as aggregates of the regions.

In addition, the S&P/Case-Shiller® U.S. National Home Price Index is a broader composite of single-family home price indices for the nine U.S. Census divisions and is calculated quarterly.

Index Governance and Policy
This index is maintained by an Index Committee, whose members include Standard & Poor's, Fiserv and leading industry experts. It follows a set of published guidelines and policies that provide the transparent methodologies used to maintain the index.

Read more about the S&P/Case-Shiller Home Price Indices, including the index methodology.