Fixed on ESG, Ep. 11
What is nuclear fusion and can it solve the climate crisis?
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:
Recorded on January 12, 2023.
Insights on credit fundamental trends and vulnerabilities across the asset class, along with outlooks on defaults and loss expectations.
A discussion on the importance of biodiversity and the successes and misses of COP15 with special guests from Planet Tracker.