Make Money on Real Estate Without Buying a House: Bets on Home Prices
Business Insider • • business
Key Points:
- Polymarket recently launched prediction markets allowing users to speculate on median home prices in major U.S. metros, enabling the public to bet on housing market outcomes similarly to sports or political events.
- These markets use real-time data from analytics firm Parcl and aim to provide insight into collective expectations about home prices, potentially helping homeowners hedge risk or forecast market trends.
- Despite the novelty, experts compare these platforms to casinos, questioning their benefit to average Americans and noting past low interest in housing futures markets like those on the Chicago Mercantile Exchange.
- The rise of real estate prediction markets reflects a broader trend of homes being viewed less as personal shelter and more as tradable financial assets, amid growing wealth disparities between homeowners and renters.
- While these
