Stock Market Allows Bets On Housing Market
The Wall Street Journal reported on new housing market trust that will be publicly traded soon. One trust bets on house prices going up and the other on downward prices. This is one way to get into the housing market without actually purchasing a home, and of course you will not own any real estate, just a stock.
This is one way for the Bulls or Bears to put their money where their mouth is. And, while it might be use for that purpose it seems more likely that banks or pension funds with large exposure to the housing market might use this as a way to hedge excess exposure to the housing market.
For details of the article follow this link.
http://online.wsj.com/article/SB124148254611085425.html
Warren Carreiro, Broker
