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While Case argued that such a boom was ultimately unsustainable, he had not considered it a bubble, a commonly used term to describe similar market trends.[2] Case sat down with Shiller, who was researching behavioral finance and economic bubbles, and together formed a repeat sales index using home sales prices data from other cities across the country.[2] In 1991, while Weiss was in graduate school he formed an informal working relationship with Shiller. Weiss proposed to Case and Shiller to form a company, Case Shiller Weiss, to produce the index periodically with the intent of selling the information to the markets. Fiserv, an information management company, bought Case Shiller Weiss in 2002 and, together with Standard Poor's, developed tradable indices based on the data for the markets which are now commonly called the Case Shiller index.[2] CoreLogic acquired the Case Shiller Weiss business from Fiserv in April 2013.[3].
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