Monday, September 24, 2007

Home Futures

Apparently there is a new market opened at the Chicago Mercantile Exchange, with contracts being sold there based on the price of real estate. Take a look at this blog post, which outlines where traders at the CME think housing prices are going, based on the bets they have made. Kind of scary. These guys are putting real money that prices will be down significantly over the next five years.

No comments: