Real Estate Contracts - Easy To Trade

I just ran across this news, it could really change the way some people invest in real estate.

The major problem with real estate is the time and effort to get your money into it.  Buying and selling houses is not a fast or easy process.  For people just wanting to invest in real estate and not spend the time this would be idea.

Chicago Mercantile Exchange  (CME) is planning on launching a housing index futures contract next year.

There has been a licensing agreement that was signed with MACRO Securities Research, LLC, the New Jersey-based financial research firm which is in charge of developing these contracts.

CME will list futures and futures options on metropolitan areas, namely Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York commuter area, San Diego, San Francisco and Washington D.C.

Contracts will be traded exclusively on the Globex®, CME's electronic platform.