Can You Insure Against Home Price Decline? Futures contracts would back policies to protect homeowners if bubble burstsHome-equity insuranceprotecting against declines in home pricescould be the next big product in the property-casualty sector, according to a firm developing the first such coverage.

Macro Securities Research, a Morristown, N.J.-based financial research firm, is working with the Chicago Mercantile Exchange, the largest futures facility in the United States, to create futures contracts tied to U.S. housing pricesthe first of their kind in the countrywhich big investors could buy to hedge against the potential of housing prices falling in the future.

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