Monday, November 12, 2007

Calculate Your (Paper) Housing Wealth!

In an effort to make the most out of the S&P/Case-Shiller indices and the implications of the futures contracts that trade in concert with them, I have created the Home Value Calculator Tool which calculates your home’s value history based on a few simple pieces of criteria.

Plug in your purchase date, the price you paid and the market that your home is located in and…


Out comes the complete history of your home’s value and, for some markets, predictions for its value in the future.

Of course, you should view this data as a rough estimate although, for my last home, the results are spot on.

The tool uses the CSI and daily settled futures data in order to formulate your home’s value history and additionally provides results in both “nominal” (i.e. non-inflation adjusted) and inflation adjusted terms.

For more information on the technicals of the underlying home prices indices, read my prior posts on the subject and check out the S&P/Case-Shiller/Futures Tool.

As usual, let me know what you think and of course, if you should notice any bugs!