Future traders think the tide has turned for house prices
The futures market is now pricing in strong growth in the housing market, with the Halifax index priced to rise by 6% over the coming 12 months and by 12% over 5 years. This is a marked rise in the prices from just a month ago and reflects the uplift in the Halifax index against which the futures prices are measured and the overall rise in other house price measures. The Tradition Future HPI – a derivatives-based measure of future…