The S&P/Case-Shiller Home Price Index for Los Angeles (Feb 2027) stands at 473.0, showing modest growth with short-term, medium-term, and longer-term increases of 1.72%, 3.28%, and 4.23%, respectively. This index tracks single-family home price trends and reflects local market factors like population growth and housing supply. Futures contracts enable investors to hedge or speculate on future price movements, indicating expectations of stability or modest growth.