25. A Look into the Housing Market and SWIB’s MBS Portfolio (Nov. 29, 2023)

The U.S. economy has shown remarkable resiliency despite many industry experts saying a recession is inevitable. The same cannot be said about the housing market. Home prices continue to climb, interest rates are near record highs, and home inventory is not matching homebuyer demand. It seems like the dream of owning a home is inching further out of reach for many Americans. In this episode of The SWIB Podcast, Leo Kropywiansky, senior portfolio manager on the Research Team in SWIB’s Asset & Risk Allocation Group, shares his thoughts on just how long the volatility facing the U.S. housing market might continue, when home prices could level off or even drop, and what impact the Federal Reserve’s efforts to tame inflation have had. And Mike Shearer, SWIB’s head of fixed income strategies, will provide insight on what all this means for SWIB’s mortgage-backed securities portfolio.