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Bet on Future Housing Prices - Update

Remember last month when Real Estate Bust mentioned the Chicago Mercantile Exchange futures market for housing prices?  Although trading activity is relatively light at the moment, The Matrix, another real estate related blog, discusses early observations.  Here is a chart of contract activity over the next year:

 

Some important things to note here are that 1) traders are betting that Miami has the largest decline over the next year (7.67%) and that 2) The Top 10 City average is roughly a 5% drop.  If you're looking for evidence of a complete bust, perhaps this "soft landing" evidence isn't welcome news. 

Posted by RE Bust on July 7, 2006 11:39 PM |

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