(See recent posts on Phoenix Case-Shiller Home Price Index.)
Next month, Goldman expects to begin trading forwards, swaps and options linked to U.S. house prices indices. These instruments will not only let investors benefit from rising prices, but also hedge against a slump, which could be useful as an extended bull run for house prices grinds to a halt.
Futures of the “Standard & Poor’s Case-Shiller Home Price Indices” for 10 metro areas started trading on the Chicago Merchantile Exchange this year.