Zelman & Associates - A Walker & Dunlop Company

Ivy Zelman's latest insights on the mixed results from our Western Markets Homebuilding Report: - During the week ended October 27th, net absorptions across California, Arizona, and Nevada increased 17% sequentially to 0.69 sales per community. - On a year-over-year basis, absorptions were up 26%, marking the strongest growth since the first week of September. - The recent pace was consistent with the typical level observed during this week across our data series, which dates back to 2000. Subscribe to our reports: https://bit.ly/48Y6dok #Homebuilding #HousingMarket #MarketInsights #WeAreWD

Ivy Zelman sat down with Becky Quick at CNBC to discuss mortgage rates and its implications for homebuyers, the resilience of move up rates, and solutions for low supply. Watch the full interview here: https://lnkd.in/ewFQHkSn #Mortgage #Homebuyers #CNBC #Insights #WeAreWD

Zelman and Walker & Dunlop employees teamed up last week to volunteer at Medwish in Cleveland! Together, the team sorted medical supplies to support local needs and aid countries facing emergencies abroad. We're proud of our WDers for their unwavering commitment to making a difference! ?? #CommunityStartsHere #WeAreWD #Volunteer #MakeYourMark

Will rent growth lag wage growth? As we look towards 2025-26, we expect wages to outpace rent growth, with rents likely not returning to pre-COVID levels. Below are Jesse Lederman, CFA's insights! American Homes 4 Rent (AMH) has recently outperformed Invitation Homes (INVH) thanks to stronger rent growth and less exposure to storm-related areas, among other reasons. However, AMH’s stock already reflects much of this success, in our view, trading at a roughly 10% premium on future cash flow, within the 98th percentile over the last decade. With both companies expecting similar cash flow growth (about 3%) in 2025, we recommend favoring INVH. With acquisition activity seemingly loosening a bit of late, we expect investors to increasingly focus on REITs and their external growth potential in the coming years – though the recent increase in interest rates may dampen this optimism in the near term. Overall, if you are a REIT investor, 2025 promises to be an exciting year! Gain more of our insights: https://lnkd.in/eCdS3nUU #REITs #RealEstate #Investing #AMH #INVH #MarketInsights #Housing

Do you believe investments in affordable housing will increase next year? If so, why? Don’t miss Mark Franceski, Managing Director, as he breaks down the trends and opportunities shaping the future of affordable housing. And don’t forget – you can access all of our conference sessions on-demand for purchase: https://bit.ly/4hp3Nmw #ZelmanHousingSummit #HousingMarket #HousingInsights #AffordableHousing

Meet Ted Tabasso, our Director of Sales at Zelman since 2017! With over three decades of experience in institutional research and investment banking, Ted brings unmatched expertise to our clients. He began his career in 1993 at Bear Stearns Companies, underwriting loans, before discovering his passion for stocks and research. This led to key roles at Banc of America Securities and Deutsche Bank, where he eventually became the global head of Equity Product. Notably, his work with Deutsche Bank’s ABS desk was featured in the iconic film "The Big Short". Ted’s extensive background allows him to provide exceptional service that sets Zelman apart. Outside of work, he values relationships, mentors others, and enjoys tennis, the gym, and a good cup of coffee. Join us in celebrating Ted’s remarkable journey and expertise! Reach out to him here: https://lnkd.in/e95WFzcb #Zelman #Leadership #Research #InvestmentBanking #WeAreWD

Walker & Dunlop's Q3 2024 earnings results are in. Check out the full report here: https://lnkd.in/eyS8B78j #Earnings #Q3 #CRE #WeAreWD

Do you think an increase in resources and supply can offset the rising prices for housing? Tune in as Tristan Freshly, AVP and Director of Market Intelligence for Investment Sales, shares his insights on this pressing issue. Don't forget, all of our conference sessions are available to purchase on-demand: https://bit.ly/3Yl35xT #HousingMarket #ZelmanHousingSummit #MarketInsights #HousingPrices #HousingSupply

During this year's Zelman Housing Summit, Ivy Zelman shared valuable insights about the current state of the housing market and where we are heading into 2025. Swipe below to see her takeaways. ?? Check out Ivy's additional insights from the Housing Summit: https://lnkd.in/e6_db9GG Don't forget, all of this year's conference sessions are available to purchase on-demand: https://lnkd.in/eVVpv7AS #HousingMarket #MarketInsights #HousingDemand #HousingMarketInsights

Alan Ratner, CFA spoke with CNBC about the 6% home price increase, examining its impact on buyers, the overall housing market, and homebuilders' reactions. Watch the complete interview: https://cnb.cx/3NLfAOl #HomePrice #HousingMarket #Affordability #HousingMarketTrends #WeAreWD