Another residential real estate derivative market?
Forbes, A New Measure Of The Housing Market:
With housing markets roiling and tumbling across the country, debt markets in a tense and fragile holding pattern, and nervous but plentiful global capital waiting on the sidelines, a former investment banker, in partnership with some powerful investment banks and a rocket scientist, is preparing to launch the latest in real estate indexes in an attempt to break open the derivative market for residential property.
I’m too busy to dig into this now, but how is this different than CME’s Housing Futures and Options [pdf]