You’ve bought a Rockridge home, and when prices go up, you’re delighted!
What if you want to insure yourself against a drop in prices? You just might be able to in the future.
Kathleen Pender wrote an interesting article”Trading on price of homes” in which she describes how you can purchase a “futures and options contract on home price indexes“
I always tell our buyers that I know exactly what the value of their home will be when they’re ready to sell it.
They look at me in amazement.
And I tell them “Different”
Anything other than that and my crystal ball gets very fuzzy.
But with a home-price-futures policy… you might have 20:20 vision for 2020 home prices.