REAL ESTATE NEWS FOR SENIORS

http://money.aol.com/cnnmoney/realestate/canvas3/_a/home-futures-price-drop-seen-for-10-top/20060926120409990002

 

Home Futures: Price-Drop Seen for 10 Top Markets

Trading in residential housing futures is more evidence that housing markets may be in decline.

By Les Christie, CNNMoney.com staff writer

NEW YORK (CNNMoney.com) -- Home prices will be lower a year from now in the nation's leading markets - at least that's what investors speculating on residential real estate believe.Trading in housing futures on the Chicago Mercantile Exchange point to declines by next August of at least 5 percent for 10 leading markets; speculators are betting the biggest decline will be in Las Vegas, with a drop of 8.2 percent.