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by CareyBot

The CBOE Futures Exchange, a subsidiary of the Chicago Board Options Exchange Inc., plans to launch futures contracts based upon National Association of Realtors data on median existing-home prices. Through a licensing agreement with the Realtor trade group, CFE has created five new futures contracts designed to track the median price of existing-home sales nationally and in four distinct regions within the United States, according to a NAR announcement. CFE plans to launch the new contracts in the second quarter of 2006, pending regulatory approval. "With the U.S. housing market valued at nearly $20 trillion, real estate is not only the hottest topic of conversation, it is an asset class unto itself that is arguably one of the most important segments of the U.S. economy," said CBOE Chai...