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.
This episode of The SWIB Podcast features two guests. Leo Kropywiansky, senior portfolio manager of 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 has been the impact of the Federal Reserve’s efforts to tame inflation. Mike Shearer, SWIB’s head of fixed income strategies, also provides insight on what all this means for SWIB’s mortgage-backed securities (MBS) portfolio.
The SWIB Podcast
The SWIB Podcast is where WRS members can turn to for timely information about SWIB and its investment strategy. Join us on a regular basis as we discuss how SWIB positions the WRS for long-term success.
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