The real estate market is a tangled mess right now.
High vacancies along with higher interest rates and tighter lending standards are wreaking carnage across much of the commercial sector these days.
However, higher mortgage rates have NOT brought down residential home prices, at least not on a national average...yet. That said, transactions have frozen up, falling to the lowest level in decades.
Where is all this headed?
Are things likely to get better, or worse, from here?
For answers, we're fortunate to speak with Ivy Zelman today. Ivy is the Executive Vice President and Co-Founder of Zelman & Associates, one of the most respected research firms advising investors and corporate executives on the real estate market over the past 30 years.
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