The keys to the housing market

The research team tackles the hot topic of the housing market, the impacts of rising rates + where it could go from here.

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?

This information is educational in nature and does not constitute a financial promotion, investment advice or an inducement or incitement to participate in any product, offering or investment. FS Investments is not adopting, making a recommendation for or endorsing any investment strategy or particular security. All views, opinions and positions expressed herein are that of the author and do not necessarily reflect the views, opinions or positions of FS Investments. All opinions are subject to change without notice, and you should always obtain current information and perform due diligence before participating in any investment. FS Investments does not provide legal or tax advice and the information herein should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact any investment result. FS Investments cannot guarantee that the information herein is accurate, complete, or timely. FS Investments makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information.

Any projections, forecasts and estimates contained herein are based upon certain assumptions that the author considers reasonable. Projections are necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying the projections will not materialize or will vary significantly from actual results. The inclusion of projections herein should not be regarded as a representation or guarantee regarding the reliability, accuracy or completeness of the information contained herein, and neither FS Investments nor the author are under any obligation to update or keep current such information.

All investing is subject to risk, including the possible loss of the money you invest.

Andrew Korz, CFA

Executive Director, Investment Research

Kara O’Halloran, CFA

Director, Investment Research

Lara Rhame

Chief U.S. Economist + Managing Director

Search our site