The market for Las Vegas real estate is about to break ground in a new and exciting way! The Chicago Mercantile Exchange will begin offering housing futures contracts in April of this year. Contracts will be offered on 10 housing indexes across the country….and Las Vegas is one of the ten! This is a tremendous boost for investors world-wide that have purchased Las Vegas real estate for their portfolios. In addition, home builders and mortgage companies are expected to use this dynamic financial hedging tool to limit their exposure to sudden market moves. Eventually, it’s expected that the major insurance companies will offer a hybrid of the futures contracts as part of their overall insurance product to the average Las Vegas home owner. Housing futures will operate and trade in a similar fashion to the futures contracts for the S&P 500 Index. The other nine cities to be covered by this new financial product are Boston, Chicago, Denver, Los Angeles, Miami, New York, San Diego, San Francisco and Washington.www.mslasvegasrealestate.com

This entry was posted by Michelle Sterling on Tuesday, December 27th, 2005 at 6:48 pm and is filed under Business & The Economy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.