In April 2006, the Chicago Mercantile Exchange is going to start trading housing price futures and options for 10 major U.S. cities. Because it takes a buyer and a seller to make a market, who do you think is going to be trading (or hedging themselves) with this new financial product? Robert Campbell
This is a great development, assuming liquidity develops. The timing is spot on. Sellers will be homeowners and builders, buyers will be real estate investors and renters. Arbitrageurs and speculators on both sides.