American homeowners have no way of insuring themselves against a housing-price slump. Or do they? Through at least two venues — an online site called HedgeStreet and the Chicago Mercantile Exchange — people can bet on changes in home prices in certain cities, including New York. These housing futures, some say, can effectively provide a form of house-price insurance. more [New Yorker]
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Introducing house-price insurance — sort of
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