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by CareyBot

San Francisco broker-investor Carl Wescott thinks he has a good feel for the real estate market. So when he learned he could speculate on the market at, he took the plunge. Wescott bet $4,000 that the median price of a single-family home in the San Francisco area wouldn't rise above $729,000 in the third quarter of this year. When the National Association of Realtors numbers came out in November, he walked away $5,000 richer. "I had the theory that the single-family residential market in my local area would peak and this was a good way of playing that theory," Wescott said. "I was up 113 percent in only a month's trading." Realtor Wescott, who runs a brokerage called PeopleBridge in San Francisco, is only one of a number of people who are speculating on real estate prices ...