On Investing

Headwinds & Tailwinds in the Housing Market (With Ivy Zelman)

12 snips
Feb 28, 2025
Ivy Zelman, the Executive Vice President and co-founder of Zelman & Associates, shares her expertise on the housing market's evolving dynamics post-pandemic. She discusses significant migration trends and their influence on housing demand. The conversation reveals the unique challenges of affordability and highlights how climate change is reshaping construction methods. Ivy also examines the contrasting roles of public and private builders, emphasizing regional market variations and potential supportive tailwinds for investors.
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INSIGHT

Pandemic Housing Market Paradox

  • The pandemic housing market was unique: prices rose despite low turnover, driven by migration and work-from-home trends.
  • High-end buyers benefited from increased equity, while affordability challenges persist, especially for entry-level buyers.
INSIGHT

Supply and Demand Dynamics

  • A unique characteristic of this housing cycle is the combination of rising prices and low turnover, driven by limited affordable inventory.
  • Rising inventories, especially in the Sun Belt, are a positive sign, potentially leading to increased market activity.
INSIGHT

Regional Housing Market Variations

  • Regional variations are significant in the housing market.
  • Public builders, prevalent in the Sun Belt, offer value through mortgage rate buy-downs, leading to price deceleration in those markets.
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