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? Prove it.
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