My profiles:
"Tom Skinner, and his Washington, D.C. based firm, Real Liquidity LLC, is working to address the risk of price declines in residential real estate by developing innovative financial products that allow homeowners to "hedge" out some or all of their real estate market risk with "puts". Puts, which are essentially derivative insurance policies that go up in value when the value of an asset goes down, have long been available for equity and other liquid financial products, but never for real estate assets. Now, for the first time, “puts” are available on residential real estate in Syracuse, NY via a pilot that Real Liquidity recently rolled out."