In June 2009, publicly available housing derivatives were launched by Robert Shiller and Karl Case, the economists who run the most widely followed U.S. home price indicator: the S&P Case Shiller Index. The products are called MacroShares, and are essentially options any investor can use to make bets about whether home prices will rise or
Robert Shiller
Home price expert Robert Shiller, co-founder of the S&P Case Shiller home price index and author of The Subprime Solution and Irrational Exuberance, has a famous anecdote about when it’s time to get out of a market. It was when he was in a cab and the cab driver was telling him all about how