Housing Oversupply: What the Industry is Actually Facing Long Term
Dec 7, 2023
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Ivy Zelman, Co-Founder of Zelman & Associates, discusses the oversupply of housing, inflation, the economy, and the national debt. The podcast also covers her background in equity research, the impact of fear in careers, real estate lawsuits affecting affordability, and raising children in a changing world.
There may be an oversupply of housing, especially in the multifamily market, due to declining population growth and fertility rates.
N.E.R. class action suits can potentially hinder affordability for buyers and negatively impact the bottom line margins of the realtor industry.
Deep dives
The podcast discusses the national debt, housing oversupply, and parenting advice
The podcast episode delves into the topics of the national debt, housing oversupply, and parenting advice. The guest, Ivy Zelman, co-founder of Zelman & Associates, shares her insights on these subjects. She emphasizes that there may be a housing oversupply rather than the commonly reported housing shortage. The discussion also touches on the impact of the national debt on affordability and the challenges faced by young women in the alpha male-dominated world of Wall Street. Additionally, Ivy Zelman offers valuable life skills advice for raising strong young women.
The potential impact of N.E.R. class action suits on the real estate industry
The podcast episode explores the recent N.E.R. class action suits and their potential impact on the real estate industry. It is suggested that these lawsuits could hinder affordability for buyers, as they add an additional cost that buyers need to cover separately. This can lead to an increase in the sales price as sellers may need to accommodate this additional expense. The discussion also mentions that builders may benefit from the situation as they may not see value in the services provided by these agents. Overall, it is predicted that the lawsuits may have a negative impact on affordability and the bottom line margins of the realtor industry.
Addressing the question of housing shortage
The podcast challenges the notion of a housing shortage and presents an alternative perspective. It suggests that there may actually be an oversupply of housing, particularly in the multifamily market. Contrary to popular belief, the discussion points out that population growth, fertility rates, and immigration have been declining, leading to a decrease in household growth. It highlights that there is a need to acknowledge the changing demographics and consider solutions such as increased immigration to address household growth. The oversupply of housing is further supported by the challenges faced in filling up multifamily units and negative trends in new move-in rent growth.
Parenting advice for raising resilient children
The podcast episode touches on the importance of fostering resilience in children, particularly young girls. The speaker emphasizes the role of parents in encouraging their children to speak up, not be afraid of failure, and have the courage to stand their ground. It is suggested that parents need to strike a balance between nurturing and allowing their children to face challenges and learn from them. The discussion also highlights the importance of teaching children to be assertive and confident, as well as providing them with the skills to navigate through difficult situations. Overall, the episode encourages parents to instill resilience and independence in their children to prepare them for the future.
Tune in to this episode of Real Estate Insider's Unfiltered as James and Keith chat with industry icon Ivy Zelman, Co-Founder and Executive Vice President of Zelman & Associates! They talk about inflation, the current economy, the national debt, and how the industry has an oversupply of housing. Yes, you read that correctly - HOUSING OVERSUPPLY. This episode is loaded with tons of valuable insight, gained from Ivy’s years of expertise -- don't miss out this informative episode! #RealEstate #Podcast