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Hitting Home: The State of the Residential Real Estate Market

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Content provided by PGIM Fixed Income. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by PGIM Fixed Income or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The residential real estate market directly or indirectly impacts everyone. After all, everyone is born short a house. Home prices and construction activity also largely impact economic growth, wealth, inflation, and, for fixed income investors, residential mortgage-backed securities (RMBS). With the market suddenly in a downturn, should investors be prepared for lower house prices and rents? Declines in home construction and sales? Increased delinquencies and defaults on mortgages?

In this episode of All the Credit®, Kaustub Samant, Head of Mortgage Credit Research at PGIM Fixed Income, reviews the current state of the residential real estate market, along with the recent history of home price appreciation (HPA) and changes in rental rates. Mr. Samant examines trends in the market and affordability issues, and the looming decline of residential prices and rents. We also discuss implications for GDP and inflation, mortgage default vulnerabilities, and shifts we’ve made within the capital structure in lieu of changes in the market for mortgage-related fixed income securities.

Recorded on January 12, 2023.

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48 episodes

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Archived series ("Inactive feed" status)

When? This feed was archived on March 15, 2024 10:59 (1M ago). Last successful fetch was on February 08, 2024 18:36 (2M ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 353403388 series 2609752
Content provided by PGIM Fixed Income. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by PGIM Fixed Income or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The residential real estate market directly or indirectly impacts everyone. After all, everyone is born short a house. Home prices and construction activity also largely impact economic growth, wealth, inflation, and, for fixed income investors, residential mortgage-backed securities (RMBS). With the market suddenly in a downturn, should investors be prepared for lower house prices and rents? Declines in home construction and sales? Increased delinquencies and defaults on mortgages?

In this episode of All the Credit®, Kaustub Samant, Head of Mortgage Credit Research at PGIM Fixed Income, reviews the current state of the residential real estate market, along with the recent history of home price appreciation (HPA) and changes in rental rates. Mr. Samant examines trends in the market and affordability issues, and the looming decline of residential prices and rents. We also discuss implications for GDP and inflation, mortgage default vulnerabilities, and shifts we’ve made within the capital structure in lieu of changes in the market for mortgage-related fixed income securities.

Recorded on January 12, 2023.

  continue reading

48 episodes

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