DIRS.INFO The most relevant business & tech news

☆ 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.

Organizations: & ' $

☆ 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.

☆ Home prices are falling at the fastest rate in 15 years. 7 real estate analysts and economists break down how bad they think it's going to get.
▼ + stars: | 2022-11-30 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +8 min

As demand fades in the housing market, price cuts have become widespread. However, despite more sellers cutting asking prices, home prices have still increased by 10.6% year-over-year. On an annual basis, Fannie Mae says house price growth will turn negative beginning in the second-quarter of 2023. According to Freddie Mac's Sam Khater, house price growth will average 6.7% in 2022 and then decline by 0.2% in 2023. With inventory levels at all-time lows, he believes supply and demand dynamics will give way to significant price declines nationwide.

☆ Pandemic hotspots like Phoenix and Denver hit their housing market peak earlier this year and there's more evidence than ever that they're descending back to earth
▼ + stars: | 2022-11-29 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +4 min

Considering sales alone, these cities were among those that saw the most dramatic declines, according to data technology company Zonda. "There are many forces working against the housing market right now," Zonda Chief Economist Ali Wolf said in a report last week. By late spring, the markets were feeling the pain. In both Austin and Phoenix, home prices are rising at a pace 23% slower than they were last year, the report shows. Since late Spring, home prices in Phoenix have dropped 6.7% and in Austin, prices have dropped by over 10% since the end of May.

Search resuls for: "Zelman"

13 mentions found