Posted by Mark Washburn on Thursday, November 10, 2005 at 1:15 PM By Mark Washburn / November 10, 2005 Comment
Chicago Mercantile Exchange to offer housing price futures Worried that the value of your home may fall? Go ahead, bet on it. Or if you don't, maybe your mortgage holder will. The Chicago Mercantile Exchange, a financial marketplace dealing in the value of everything from interest rates to foreign currencies to pork bellies, has committed to offer trading next year in a category many consumers take personally: sky-high U.S. home prices. New investment hedges against downturn in U.S. housing market [Herald-Tribune]
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