The Real Deal Miami

New trusts allow bets on housing market

May 05, 2009 06:22PM

In a week there will be two new tradable trusts that allow people to place bets on the direction of residential housing prices. Pricing predictions suggest there will be more than twice as much interest in betting against a housing market rebound than in betting for one. The trusts are tied to the value of the Standard & Poor’s/Case-Shiller index of home prices in 10 U.S. cities.