Anyway to short real-estate?

Hey, with the current trend in real-estate bubble-popping as indicated by rising foreclosure-rates, excess inventory, longer times on market, dropping median-prices pretty much all over Cali (especially San Diego, S.B. and S.F.), is there a way to short real-estate properties?

 

reits? mortgage companies? housing development companies?

 

http://www.cme.com/trading/dta/del/product_list.html?ProductType=hng

 

I go to CME's site all the time, I don't know how I could have missed this.

 

They are brand new

 

ok, i just went on there and saw "now trading!"

I guess volume is virtually nil.

 

i have been shorting real estate for the last 6 months...the boat has already left the harbor to some extent. many of thehome builders have already dropped significantly.

 

Put an ad in the paper saying that you are building a hi-rise and selling units pre-construction. It's been done before.:eek:

 

Yep they are new. I haven't had a chance to check volume. I think it was Pabst who earlier said these contracts wouldn't fly.

But for regular retail traders....probably?

Anyways, now is not a good time to short real estate. I would wait until Dec.

 

IYR is the symbol for the real estate ETF. No uptick required.