JRE - Housing Is Starting To Impact Monetary Policy

October, 19 2022 05:36 AM Janus Henderson U.S. Real Estate ETF

Summary

Following a dizzying rally during the Covid recovery, global housing markets have cooled recently as affordability has declined.
In Sweden, the combination of mostly floating mortgages, uncomfortably high inflation, and a central bank behind the curve but determined to catch up (last policy change was a 100 bps hike) means that house prices have already declined materially.
Policymakers in high beta markets, where households are also most levered, will have to be extra vigilant with feedback from the housing market into the overall economy and financial stability.

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Company Name:	Janus Henderson U.S. Real Estate ETF
Stock Symbol:	JRE
Market:	NYSE