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☆ 28 cities where rent is in free fall this spring — and why renters in New York City have reason for optimism despite paying $4,280 for a one-bedroom apartment
▼ + stars: | 2024-04-26 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Median rent for one-bedroom apartments in the US declined again in April, according to @Zumper. AdvertisementLandlords aren't able to charge tenants more because apartment supply is surging across the nation at the highest rate in decades, according to Zumper. A flood of supply should keep rent growth in check for the remainder of the year and even into 2025, in Zumper's view. Below are the 28 US cities where rent for a one-bedroom apartment is cheaper than it was in March, according to Zumper. Along with each are its month-over-month and year-over-year rent changes, average rent price, and national rent ranking among the top 100 markets in the nation.

Persons: —, iM2zdLRQMA — James Faris, @JamesFaris_, Ivy Zelman, Anthemos Georgiades, Zumper Organizations: Service, Business, Federal Reserve, Apple, Big Apple Locations: New York City, York City

☆ 7 major cities where renting is significantly cheaper than buying following the worst year for home affordability in decades, according to leading analyst Ivy Zelman
▼ + stars: | 2024-04-25 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Home affordability has also been crippled by a combination of limited home supply and resilient demand due to solid wage growth, Zelman noted. Rent growth fell again on a year-over-year basis in April, according to a new report from real-estate site Zumper. And Zelman found that wage growth will outpace that of rent this year. AdvertisementOwning a home costs an average of 9% more on a square-foot basis than renting, according to Zelman & Associates. Along with each is the per-square-foot cost premium of owning compared to renting, according to Zelman & Associates.

Persons: —, Ivy Zelman, I've, Zelman, Zelman isn't Organizations: Service, Zelman, Associates, Business, Wall, Toll Locations: Houston, Tampa

☆ 10 charts that explain the historically strange US housing market, according to bubble-spotting real-estate analyst Ivy Zelman
▼ + stars: | 2024-04-20 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Top researcher Ivy Zelman shared where home prices are heading next in this market. Here are 10 charts from Zelman's April report that help explain what's happening. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: Homebuyers, Ivy Zelman, — Organizations: Zelman's, Service, Point2, Business

☆ Zelman's Alan Rather names Beazer Homes as a winner in the housing sector
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailZelman's Alan Rather names Beazer Homes as a winner in the housing sectorAlan Ratner, Zelman & Associates, joins 'Closing Bell: Overtime' to discuss housing stocks and the real estate sector.

Persons: Alan Rather, Alan Ratner Organizations: Zelman, Associates

☆ Rents Are Falling. So Why Isn’t That Showing Up in Inflation Data?
▼ + stars: | 2024-02-26 | by ( Ben Casselman | ) www.nytimes.com time to read: +1 min

The Federal Reserve may have a housing problem. The persistence of housing inflation poses a problem for Fed officials as they consider when to roll back interest rates. Housing is by far the biggest monthly expense for most families, which means it weighs heavily on inflation calculations. “If you want to know where inflation is going, you need to know where housing inflation is going,” said Mark Franceski, managing director at Zelman & Associates, a housing research firm. Housing inflation, he added, “is not slowing at the rate that we expected or anyone expected.”Those expectations were based on private-sector data from real estate websites like Zillow and Apartment List and other private companies showing that rents have barely been rising recently and have been falling outright in some markets.

Persons: ”, Mark Franceski Organizations: Labor Department, Zelman, Associates

☆ Existing home sales will see an upward tick this year, says Zelman's Ryan McKeveny
▼ + stars: | 2024-02-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExisting home sales will see an upward tick this year, says Zelman's Ryan McKevenyRyan McKeveny, Zelman & Associates managing director, joins 'The Exchange' to discuss the state of housing and how the Fed's moves will impact the sector.

Persons: Zelman's Ryan McKeveny Ryan McKeveny Organizations: Zelman, Associates

☆ Expect a gradual rebound in home sales: Zelman and Associates EVP
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect a gradual rebound in home sales: Zelman and Associates EVPIvy Zelman, Zelman and Associates executive vice president, joins 'Money Movers' to discuss how much Zelman is reading into the latest housing data, whether housing inventory is at more normal levels, and more.

Persons: Ivy Zelman

☆ Average homebuyers are beating out Wall Street landlords
▼ + stars: | 2023-11-29 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

The shutdowns of 2020 created a perfect storm for the housing market — and supercharged the clash between Wall Street and regular homebuyers. Given the attention these markets received during the pandemic, it's no wonder that the battle between Wall Street and Main Street became the dominant story of COVID-era homebuying. Advertisement"If Wall Street was really gobbling up Main Street," Sharga told me, "we would see homeownership rates go down." Wall Street landlords have also been increasingly selling off homes to regular people, a Business Insider analysis found. Still circlingWhile average homebuyers have staged a comeback over the past three years, Wall Street isn't ready to jump out of the housing market altogether.

Persons: homebuyers, That's, Wall, elbowed, Rick Sharga, CJ Patrick Company, they're, who've, Axios, Sharga, CoreLogic, Pretium —, John Voorheis, Voorheis, —, Freddie Mac, James Rodriguez Organizations: Rage, Federal Reserve Bank of Philadelphia, Parcl Labs, Labs, National Association of Realtors, Wall Street, Investor, Wall, Tricon, Associates, Investors, Center for Economic Studies, Census Locations: Phoenix, Chicago, homebuilders, homeownership, Dallas, Charlotte, North Carolina, Atlanta

☆ We need a lot further decline in rates to reignite the existing home market, says Ivy Zelman
▼ + stars: | 2023-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe need a lot further decline in rates to reignite the existing home market, says Ivy ZelmanIvy Zelman, Zelman and Associates CEO, joins 'Squawk Box' to discuss the state of the housing market, the impact of rising rates on existing home sales, future expectations, and more.

Persons: Ivy Zelman Ivy Zelman

☆ You really have to be a stock-picker in this market: Zelman & Associates CEO
▼ + stars: | 2023-09-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou really have to be a stock-picker in this market: Zelman & Associates CEOIvy Zelman, Zelman & Associates CEO, joins 'Squawk on the Street' to discuss demand in the housing market, future expectations, and more.

Persons: Ivy Zelman Organizations: Zelman, Associates

☆ Housing market moves will be decided by what causes mortgage rate declines, says Zelman's Ratner
▼ + stars: | 2023-08-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHousing market moves will be decided by what causes mortgage rate declines, says Zelman's RatnerAlan Ratner, Zelman and Associates managing director, joins 'Squawk on the Street' to discuss Ratner's thoughts on the housing market, the 'velvet' handcuffs of low mortgage rates, and more.

Persons: Zelman's Ratner Alan Ratner, Zelman Organizations: Associates

☆ The $31 trillion debt-ceiling fiasco could punish markets and it's complicating an already complex economic outlook
▼ + stars: | 2023-05-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

In any case, one outcome that many hold with a high degree of certainty is that financial markets are going to feel pain if the "x-date" bell tolls. This $31 trillion debt ceiling argument "comes at the worst possible time," according to Chicago Fed President Austan Goolsbee. "Many past instances of debt limit standoffs have been resolved without significant market fallout," the strategists wrote in a recent note. That's according to LPL chief global strategist Quincy Krosby — she says it boils down to these three reasons. With recession risks climbing, Bank of America analysts slashed their 2023 outlook for oil prices.

☆ A chief economist who called the 2008 housing crisis says home prices are set to drop another 15% as falling mortgage rates and a recession will create a supply-demand imbalance
▼ + stars: | 2023-05-09 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

This will drag 30-year mortgage rates — which track closely with 10-year Treasury rates because they typically have a lifespan of around 12 years — down to 6% or lower. One might argue that falling mortgage rates would also stimulate demand enough to meet the rise in supply, holding prices relatively steady. Now that's quite striking because mortgage rates are no longer at peak, but mortgage applications are still falling. Tight monetary policy and a pullback in lending will lead to a cooling labor market, he said, and that's bad for housing demand. Below is the National Association of Realtors' Housing Affordability Index, which takes into account incomes, home prices, and mortgage rates.

☆ 2 top housing experts break down why they expect a downturn in prices that could last several years, and how it might impact buyers in very different ways
▼ + stars: | 2023-05-09 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Housing market expert Ivy Zelman and real estate investing pro Scott Trench approach the housing market from very different perspectives, but they can still see eye-to-eye on some things. The two real estate pros took different stances when it comes to the single family housing market, however. "BRRR" was a hit in a lower-rate environment, especially as housing prices climbed over the last few years. Ivy Zelman is a housing expert who identified the market bubble in the 2000s and called the housing market turnaround in 2012. The forthcoming recession is going to trump all other housing market price trends, she predicted, and there will either be a correction in interest rates or in housing prices.

☆ These indicators tell us the housing market is hitting the brakes
▼ + stars: | 2023-04-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Before we rush into the weekend, let's check in with the slowing pace of the housing market, and what that means for the rest of the year's outlook. Another sign pointing to a softer housing market is lumber. But that's going to reverse in the decade ahead as Boomers age out of the housing market and post-Millennial generations shrink. What are you seeing in the housing market in your part of the country? In other news:A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 9, 2020.

☆ Ivy Zelman called the last two big downturns in home prices. She told us that renters are about to get some very good news.
▼ + stars: | 2023-04-27 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

Ivy Zelman predicted the housing market downturn in the 2000s and in 2022. When Ivy Zelman says the housing market is due for a turn, people tend to listen. Conditions look more balanced in other parts of the housing market, Zelman says. "We're not in the camp that a lack of inventory is a positive for the housing market," she said. "The housing market is not immune to what will ultimately be a recession with a credit crunch that has just begun," she said.

☆ Single-family rentals were stars of real estate during the pandemic. Now the sector faces its biggest challenges yet.
▼ + stars: | 2023-04-19 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

The SFR sector is facing fresh challenges this year, however, two KBRA analysts said. If you were an institutional investor looking to invest in real estate during the height of the pandemic, single-family rental properties were probably on your list. Home prices were rising quickly, and borrowing costs were low, underpinning the fundamentals of residential real estate. What's more, real estate research and investment-banking firm Zelman & Associates has estimated there's $110 billion in investor capital waiting to be spent on homes. Labor and supply costs have risen consistently, and massive home price appreciation is resulting in higher real estate taxes.

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☆ We definitely see signs of stabilization in the housing market, says Zelman & Associates' Alan Ratner
▼ + stars: | 2023-03-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe definitely see signs of stabilization in the housing market, says Zelman & Associates' Alan RatnerAlan Ratner of Zelman and Associates joins 'Closing Bell: Overtime' to discuss KB Home's numbers and the challenges faced by homebuilders.

☆ Billionaire Grant Cardone says he and other real estate investors will 'save the day' and prevent a home price crash
▼ + stars: | 2023-02-20 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

High home prices and mortgage rates have sparked a downturn in US real estate. Grant Cardone, a billionaire real estate manager, says investors will prevent that from happening. While the housing slump is escalating this year, there's a brighter future ahead, billionaire real estate fund manager Grant Cardone told Benzinga, as published by Yahoo Finance. As the real estate market softens, strategists at Goldman Sachs projected various markets, including Austin and Phoenix, will likely see peak-to-trough home declines of more than 25%. Single family homes may be a new frontier for the billionaire known for authoring books such as How to create wealth investing in real estate.

☆ The question is how quickly shelter deceleration unfolds, says Zelman & Associates' Dennis McGill
▼ + stars: | 2023-01-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe question is how quickly shelter deceleration unfolds, says Zelman & Associates' Dennis McGillDennis McGill, Zelman & Associates, joins 'Closing Bell' to discuss whether we've reached a housing inflation peak and if it will show up in tomorrow's numbers.

☆ Wall Street landlords who've stockpiled $110 billion are lying in wait for their biggest American home-buying spree yet
▼ + stars: | 2022-12-22 | by ( James Rodriguez | Daniel Geiger | ) www.businessinsider.com time to read: +11 min

Institutional investors have earmarked as much as $110 billion to buy or build single-family homes. Institutional investors now own about 3% of the roughly 20 million single-family-rental homes in the US, according to Roofstock, an online marketplace for single-family investment properties. That would be nearly 9% of the roughly 88 million single-family homes in the US, according to the Census Bureau's most recent statistics from 2020. Better deals expected in the years aheadThere are signs the institutional investors won't have to wait long to begin buying. That leaves between roughly $70 billion and $80 billion that could still flow into the sector.

☆ It turns out Taylor Swift has better due diligence than half of Silicon Valley
▼ + stars: | 2022-12-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Taylor Swift in the "Bejeweled" music video. Taylor Swift has better due diligence than half of Silicon ValleyIt's SBF. Just when you thought the FTX debacle couldn't get any weirder, let's add Taylor Swift into the mix. What Taylor Swift album does Sam Bankman-Fried most identify with? Perhaps the most pressing question, however, as pointed out by senior finance editor Michelle Abrego, is this: How does Taylor Swift have better due diligence practices than half of Silicon Valley?

☆ Ivy Zelman, who famously predicted the 2008 housing crash, says that home prices could drop 20% from their current values if the economy doesn't improve
▼ + stars: | 2022-12-07 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

The Fed's fight against inflation has led to high mortgage interest rates, cooling housing demands. As demand falls, Ivy Zelman, a real-estate anaylist, said national home prices could fall by 20%. As long as mortgage rates remain elevated, Zelman said housing demand will continue to shrink — ultimately resulting in even steeper price cuts from sellers. This latest slide in rates is just 0.59% below the two-decade high that the rate hit just three weeks earlier. But as Zelman herself suggested, if the Fed continues with further rate hikes and mortgage rates remain elevated in 2023, this will become the likely culprit to a protracted housing slump.

☆ Jamie Dimon sounds off on the economy, Fed, and crypto
▼ + stars: | 2022-12-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

There are few top executives who draw as much attention and speak as freely as Jamie Dimon, the CEO of JPMorgan. "Inflation is eroding everything…and that $1.5 trillion will run out sometime mid-year next year," Dimon said. Never one to mince words, Dimon then blasted the cryptocurrency sector when asked what he thought of the FTX collapse. Meanwhile, days after the EU's $60 per barrel price cap kicked in, oil prices slumped to levels not seen since before the invasion of Ukraine. There's been much debate about how the measure will alter oil prices moving forward — but PIMCO commodities strategist Greg Sharenow said it's going to come down to three factors.

☆ Zelman & Associates called the housing market's downturn long before it started. Its homebuilding expert told us why the current slump could last for years.
▼ + stars: | 2022-12-06 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

Director of homebuilding research Alan Ratner says a housing market recovery will take years. But Zelman & Associates definitely called this housing market slump. "Every 25 basis point increase in mortgage rates is the equivalent of a 3% increase in home prices," Ratner said. That's partly because a steep drop in prices won't make the housing market heat up again right away. But it will be a gradual process because the housing market has been through a historically unusual period.

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