Sunday, September 18, 2005

housing prices

There's an interesting article here about using Internet hedge funds to predict what'll happen to prices. You can find current hedges for various housing markets here. Theoretically, they may be a good predictor of housing prices. If I'm interpreting the numbers right (I don't have more than a few minutes to try to understand them right now), it looks like the market doesn't expect San Diego's median home price to go above $643K by November. Fascinating stuff, and it might be worth keeping an eye on it.

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