About this episode
In this episode, Investment Research Director Kara O’Halloran sits down with Chief U.S. Economist Lara Rhame and Investment Research Director Andrew Korz to discuss the ins and outs of today’s booming housing market. They examine the complex macro environment at play, the mechanics of typical housing cycles and potential scenarios for the quarters to come.
Transcript excerpt:
[00:00:00] Kara O’Halloran:
Welcome back to Fireside, a podcast from FS Investments. My name is Kara O’Halloran. I’m a director on the investment research team here.
[00:00:06] Kara O’Halloran:
And today I’m really excited to bring you a conversation all about the housing market. I think most people have some sort of vested interest in the housing market. Whether you own a home, you want to own a home or you just find all those stories about the crazy bidding wars extremely entertaining. But now more than ever, the housing market has a huge macroeconomic impact, especially when it comes to the ongoing conversations that we’ve all been having around inflation and the Fed’s hiking cycle.
[00:00:32] Kara O’Halloran:
So today we’re going to walk through where the housing market stands now, what we see moving forward and what impact it has on the broader economy. So, to walk through all of this, I am joined by Lara Rhame, our Chief U.S. Economist and Andrew Korz, another director on the team.
[00:00:46] Lara Rhame:
Hey Kara!
[00:00:47] Kara O’Halloran:
Thank you both for joining me. I’m so excited to do this. I think if listeners heard, actually both of the episodes that we recorded for the macro outlook and the commercial real estate outlook, we kind of went down a housing rabbit hole because I think we just all really wanted to talk about it. So, I’m excited that we’re doing a full episode dedicated to it. So, to start out, Lara, give us the 10,000-foot view. So even if you’re like, I just bought a house a year ago, I’m nowhere near active in the housing market, but why do I care? You know, why do all of us who are not actively trying to buy or sell homes? Why do we care about the housing market at this time?
