Housing Market Forecast for 2024 | 21min snip from Forward Guidance

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Ivy Zelman: Housing Market Downturn Isn't Over

Forward Guidance

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CHAPTER

Housing Market Forecast for 2024

This chapter discusses the forecast for the housing market in 2023 and 2024, with an expectation of housing price appreciation between negative one percent and one percent. It explores the potential impact on the economy and factors such as inventory, affordability, credit availability, and political outlook that could influence the market. The chapter also highlights the cautious outlook on housing prices and demographic factors like the impact of millennials on housing demand.

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Ivy Zelman, founder and CEO of Zelman & Associates, joins Forward Guidance to share her outlook on the U.S. housing market. Filmed on August 8, 2023.

Today’s interview is sponsored by Blockfills, a crypto trading solutions and financial technology firm.

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To learn more about Zelman & Associates, email ted@zelmanassociates.com

Follow Ivy Zelman on Twitter https://twitter.com/Ivy_Zelman

Follow Jack Farley on Twitter https://twitter.com/JackFarley96

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

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Timecodes:

(00:00) Introduction

(00:28) Resilience Of The U.S. Housing Market

(09:28) Comparing the 2020 Housing Boom to the Early 2000s Housing Boom

(13:43) Commercial Real Estate: Multifamily Housing (Apartment Buildings)

(20:58) Shelter's Contribution To Overall Consumer Price Inflation

(22:35) Housing's Impact On Banking System

(25:53) Forecasts For Single-Family Housing

(32:20) Supply of Housing

(38:53) Outlook on Homebuilding Industry

(43:42) Negative Outlook On Home Improvement Industry