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Search resuls for: "Alan Ratner"


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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
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
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.
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.
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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