There are some interesting ramifications to diversifying your home equity with an ESIT. If your home burns down your equity in the ESIT remains because 1,000s of individual homes are equity staked; the risk is spread over a large base.
The Chicago Mercantile Exchange started trading home price futures and options in April 2006 for 10 cities across the USA; Boston, NY, Wash. DC, Miami, Chicago, Denver, SF, Las Vegas, LA, & San Diego.
The Chicago Mercantile Exchange started trading home price futures and options in April 2006 for 10 cities across the USA; Boston, NY, Wash. DC, Miami, Chicago, Denver, SF, Las Vegas, LA, & San Diego.