Short Your House

Fidelity's eNews has an interesting interview this week with Jeremy Siegel, of the University of Pennsylvania Wharton School of Business, and Robert Shiller, of Yale University School of Management.

In the interview, Shiller mentioned something that caught my eye:

Q: What advice can you share with American investors for the coming year?

Shiller: Most American portfolios are underweight in foreign investments. But I'm particularly interested in housing opportunities. Some of my colleagues and I have made an arrangement with the Chicago Mercantile Exchange to start trading futures on single-family homes in April. Because there is so much volatility in the housing market, we think this structure may create an opportunity for property owners to hedge risks.

More info:
Betting the House
Futures Contracts for Ten US Cities to be Based on Case-Shiller Index