The housing market is an evolving beast that almost no one can accurately map. With so many investors on opposite sides of the fence when it comes to housing market crashes and corrections, it’s nice to hear the thoughts of someone who has accurately predicted past crashes. We’re honored to have Ivy Zelman from Zelman & Associates on today to discuss the modern housing market, supply chain shortages, and overbuilding problems.
Zelman accurately predicted the 2007 housing market crash and has been on the front line of analysis and forecasting when it comes to all things housing market-related. She’s seen the data firsthand and has a broad understanding of which factors specifically impact prices, demand, and overall availability. David Greene and Dave Meyer take some time to ask her the top-of-mind questions that investors and first-time homebuyers want answered.
If you’re planning on purchasing real estate in the next year or two, it may be best to get Zelman’s opinion before putting in your offer. She’s seeing multiple “yellow flags” that may signal stark changes within the housing market, either allowing you to scoop up better deals in the near future or at least mitigate loss when buying at these record-high prices.
David:
This is The Bigger Pockets Podcast show 568.
Ivy:
Well, we were bullish from 2012 to really 2020, the end of 2020 when we started seeing the momentum that we just didn’t think was sustainable. So we’re not looking to be bearish, but we do see a cautionary number of yellow flags that we need to continue to monitor.
David:
What’s going on everyone? It is your host, David Greene of The Bigger Pockets real estate podcast here with a special edition. I am doing bigger news with my cohort, friend, and real estate genius, Dave Meyer. Dave, what’s going on?
Dave:
Not much, man. It’s great to be back. I feel like it’s been a really long time since we recorded together.
David:
We have a natural chemistry. It’s like John…