Global Investing: A New Hedge For Your House

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In the meantime, the contracts provide a window onto the state of residential real estate. Based on going trades, the market predicts a 5% to 8% drop in housing prices over the next year in each of the 10 cities. Don't put too much stock in those specific numbers (a market like this, with so few participants, doesn't necessarily yield an accurate forecast), but the sentiment is, nonetheless, unmistakably downbeat.