CME House Price Futures

[Jack o'Clubs]

Just noticed that the CME has recently launched a range of futures based on US house prices (here for details: http://www.cme.com/trading/prd/resources_HNG18558.html ).

Very interesting... so you could take a leveraged (mortgaged?) view on the residential property market, by region, without having to go round and deal with stroppy tenants or broken boilers. Transaction costs / liquidity a bit better than having to put your buy-to-let house on the market too. Or use to hedge your existing property portfolio. Just need LIFFE to launch the same product for UK housing...

 

[Pippppin]

didn't IG have a market in London House prices?
I have wanted to find some OHLC charts for house prices. Know of any?

 

[Jack o'Clubs]

didn't IG have a market in London House prices?
I have wanted to find some OHLC charts for house prices. Know of any?

So they do... London and UK, based on the HBOS price surveys. Interesting....

Sorry - not aware of any OHLC charts for the UK, although presumably the CME futures are chartable through Futuresource.

 

[wasp]

Anyone have access that can post one of these charts?