Thursday, May 26, 2005

Hedging against a housing bubble: "The new service from HedgeStreet lets investors bet on the direction of home prices in six U.S. markets—Chicago, Los Angeles, Miami, New York, San Diego and San Francisco. The idea is to hedge against a housing bubble bursting, which in many of the nation's hottest housing markets would likely lead to a sudden drop in house prices." —CNBC