Read about Zelman & Associates in the media
Thursday, December 8, 2022
North Carolina’s capital had the biggest monthly drop in rents among major U.S. apartment markets where rates fell in November, the latest sign the nation's surge in rent increases is easing. This past week, Ivy was a guest on the Walker Webcast. She provided her thoughts on what's happening now with rent levels saying, "The October numbers were pretty ugly."
Read HereWednesday, December 7, 2022
In a recent article about home prices and the fed tightening of rates, Zelman & Associates was referenced with our forecast where U.S. home prices might be headed: "Back in the summer, the boutique research firm forecasted that U.S. home prices would fall 4% in 2023 and another 5% in 2024. Fast-forward to November, and Ivy Zelman, founder of the firm, says we could now see a 20% peak-to-trough decline."
Read HereWednesday, December 7, 2022
The Fed's fight against inflation has led to high mortgage interest rates, cooling housing demands. Alan provided his thoughts on the housing downturn which could be "a multi-year process as buyers and sellers are both likely to stay on the sidelines if they are unsatisfied with the offers they receive, or if higher rates dismay them."
Read HereWednesday, December 7, 2022
In this episode, Willy welcomes Kris Mikkelsen, Ivy Zelman, and Aaron Appel.
Watch HereTuesday, December 6, 2022
Alan believes the housing market won't recover any time soon and a housing market recovery will take years. He said, "We were seeing levels of inflation, at least in our part of the world, housing, that clearly were not healthy, clearly were not sustainable," he said. "It should have been clear to everybody that if things continued at that level that there were going to be problems."
Read HereMonday, October 24, 2022
Surging mortgage rates have quickly turned the tables for would-be buyers qualifying for loans. As a result, a slowdown of qualified buyers have significantly decreased. The Las Vegas market is already seeing a meltdown. Ivy provided her thoughts saying, “How rapidly things have deteriorated is pretty remarkable,” but “there’s a huge difference from the go-go days of exotic mortgage products and no money down,” with the latter quote referring to the loose lending environment before the 2007 crisis.
Read HereFriday, September 23, 2022
Our Housing Summit has come to an end. However, you can still register and watch all of the recorded sessions on-demand. Let our elite team of experts help you navigate the housing ecosystem. Past attendees have called this "the best conference they have attended in any industry leaving with actionable insights."
Read HereMonday, September 12, 2022
Zelman is serving as exclusive M&A adviser to DiamondHead Holdings (Nasdaq: DHHC) in connection with its recently announced acquisition of Great Southern Homes, Inc. (GSH), valuing the combined company at a pro forma enterprise value of $572 million. GSH is one of the largest and fastest-growing private homebuilders in the Southeastern U.S. focusing on entry-level and move-up buyer segments and employing a “land light” operating model.
Read HereTuesday, September 6, 2022
Fortune highlighted Ivy's past housing market predictions and focused on her current view that once again have housing bulls sweating with her bearish assessment of U.S. home prices in 2023 and 2024. In a recent podcast, Ivy said, “So right now we’re getting a backlash of the change in direction from free money to now the rise in (mortgage) rates and inflation. So the market is poised for a fairly significant (price) correction. And we’re already seeing signs of that over the last several months.”
Read HereTuesday, August 23, 2022
New home sales tumbled 12.6 percent in July according to data reported by the Census Bureau, representing the largest sequential decline since February 2021. Meanwhile, the absolute pace of activity stands at the lowest level since January 2016. Alan provided his thoughts on the pullback as well as mortgage rates’ effect on demand and affordability. He commented, "It is clear that the increase in mortgage rates combined with consecutive years of double-digit home price appreciation has significantly reduced the demand for new homes as potential homebuyers either struggle with affordability constraints or are worried about buying at the top of the market."
Read Here