Ivy Zelman, Executive Vice President and Co-Founder of Zelman & Associates
The Walker Webcast
00:00
Market Trends in Real Estate Pricing
In a high-rate environment, there are challenges at the lower end of the price spectrum in real estate, leading to record-cast purchases. The higher end of the market still performs relatively well, with some sellers aiming for peak pricing seen during COVID. The healthiest segment of the market lies at the high end, where aspirational pricing can be observed. An analysis comparing single-family rental costs to homeownership costs in various MSAs revealed a 9% disparity in rental costs. The comparison was based on newly built rental homes within the same school district as existing homes, excluding existing housing stock.
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