The housing market is an evolving beast that almost no one can accurately map. With so many investors on opposite sides of the fence when it comes to housing market crashes and corrections, it’s nice to hear the thoughts of someone who has accurately predicted past crashes. We’re honored to have Ivy Zelman from Zelman & Associates on today to discuss the modern housing market, supply chain shortages, and overbuilding problems.
Zelman accurately predicted the 2007 housing market crash and has been on the front line of analysis and forecasting when it comes to all things housing market-related. She’s seen the data firsthand and has a broad understanding of which factors specifically impact prices, demand, and overall availability. David Greene and Dave Meyer take some time to ask her the top-of-mind questions that investors and first-time homebuyers want answered.
If you’re planning on purchasing real estate in the next year or two, it may be best to get Zelman’s opinion before putting in your offer. She’s seeing multiple “yellow flags” that may signal stark changes within the housing market, either allowing you to scoop up better deals in the near future or at least mitigate loss when buying at these record-high prices.
In This Episode We Cover:
The similarities between the 2007 housing market and today’s housing market
Affordability and how it greatly impacts both buying and selling behavior
The “overbuilding problem” we’re seeing with many multifamily developers
Supply chain problems, labor shortages, and other factors impacting new construction
Who should (and should not) buy real estate over the next couple of years
And So Much More!
Links from the Show
BiggerPockets Jobs
BiggerPockets Youtube Channel
BiggerPockets Forums
National Association of Realtors (NAR)
Cradle to Grave by Zelman & Associates
Zillow
Listen to the full episode: https://www.biggerpockets.com/show568
Learn more about your ad choices. Visit megaphone.fm/adchoices
