RMRM - Has The U.S. Housing Crisis That Never Was Become The Housing Boom No One Expected?
- Unlike the GFC, when the collapse in the sub-prime RMBS market became the epicenter of the crisis, RMBS has survived largely unscathed during COVID, after an initial wobble.
- FTSE Russell now considers whether after dodging a post-COVID housing crash, this has become "the US Housing boom that no one expected."
- Given the supply/demand imbalance, projections from FTSE Russell's Yield Book House Price model suggest the market would withstand a 100-200 basis points increase in mortgage rates.
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Has The U.S. Housing Crisis That Never Was Become The Housing Boom No One Expected?