"For most Americans, every home purchase is a bit of a gamble. Is now the right time to jump into the market? Can I haggle on the price a bit more? What if mortgage rates drop in a few months? These questions have always made buying a new place feel a little like hitting the blackjack table. For the better part of a century, these implicit bets on future real"
"estate prices have been limited to the small pool of people making a home transaction every year. Plenty of other Americans, however, have an interest in where the housing market is headed - or at least some opinion on the fate of home values. Now, thanks to prediction markets, anyone can put their money where their mouth is. Think the median home value in Austin will end the month under $412,000?"
Polymarket launched prediction markets that let users speculate on monthly median home prices in select US metropolitan areas using real-time data from Parcl. These markets enable anyone to place bets on whether the median home price in a given metro or the US will finish the month within a specified range. The wagers are not granular enough to target individual homes, but they open a broader public market for expectations about housing values. The platforms aim to reveal collective forecasts by showing where participants put real money, potentially reflecting on-the-ground knowledge from industry participants.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]