TAMPA,
Fla., Dec. 21, 2023 /PRNewswire/ -- Conventional
thinking holds that higher interest rates mean lower home prices –
or the corollary, lower rates mean higher prices. However, given
supply and demand conditions in housing today, DoubleLine Portfolio
Manager Ken Shinoda argues in a
research paper that home "prices could soften in the future if
borrowing costs fall to borrower behavior-changing levels."
To read the paper, titled "The Misunderstood Housing Market, a
Rate Paradox and a Magic Number," please click on the following
link:
https://doubleline.com/wp-content/uploads/Misunderstood-Housing-Market__12-20-2023.pdf
Ken Shinoda, CFA, joined
DoubleLine Capital at the firm's inception in 2009. He is Chairman
of DoubleLine's Structured Products Committee and oversees the
non-Agency residential mortgage-backed securities (RMBS) team,
specializing in investing in non-Agency MBS, residential whole
loans and other mortgage-related opportunities. Mr. Shinoda is
co-Portfolio Manager on DoubleLine's Total Return, Opportunistic
Income, Income, Opportunistic MBS and Strategic MBS strategies. He
is also lead Portfolio Manager overseeing the Mortgage
Opportunities private funds. He is a permanent member of the Fixed
Income Asset Allocation Committee and participates on the Global
Asset Allocation Committee.
Mr. Shinoda also hosts DoubleLine's "Channel 11 News" (X
@DLineChannel11, dline11@doubleline.com), a webcast series that
provides market and macroeconomic insights.
About DoubleLine
DoubleLine Capital LP is an investment adviser registered under
the Investment Advisers Act of 1940. DoubleLine's offices can be
reached by telephone at (813) 791-7333 or by email at
info@doubleline.com. Media can reach DoubleLine by email at
media@doubleline.com. DoubleLine® is a registered trademark of
DoubleLine Capital LP.
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SOURCE DoubleLine