S&P/Case-Shiller Home Price Index FuturesThese are the first comprehensive financial tools that make it possible to trade U.S. housing values in a centralized marketplace. They extend to the $21 trillion housing industry the same tools for risk management and investment that previous CME Group innovations have brought to agriculture and finance. These products also provide a way to:
- Hedge values in down markets
- Take advantage of profit opportunities stemming from price fluctuations in all types of markets
- Hedge values in down markets
- Take advantage of profit opportunities stemming from price fluctuations in all types of markets
Published May 27, 2008, the S&P/Case-Shiller Index for March 2008 indicates a 15.3% drop in home prices from March 2007 to March 2008 for a composite of ten major U.S. cities, with five of these cities experiencing a decrease of 20% or more.
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