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cover of episode Zelman on the Housing Zeitgeist

Zelman on the Housing Zeitgeist

2025/6/27
logo of podcast Moody's Talks - Inside Economics

Moody's Talks - Inside Economics
AI Deep Dive AI Chapters Transcript
People
A
Adam Kamins
I
Ivy Zelman
M
Mark Zandi
Topics
Mark Zandi: 我认为目前房地产市场需求非常疲软，而且有进一步恶化的趋势。春季销售季表现令人失望，夏季市场也较为低迷。多种因素导致了这一现象，包括地缘政治风险、消费者信心下降以及高房价带来的负担能力问题。即使股市回升，购房者入市意愿依然不高，整体市场前景不容乐观。 Ivy Zelman: 我赞同Mark的观点，房地产市场需求确实在减弱。消费者信心受到多种因素的影响，包括国际局势、国内政策以及地方市场的负面消息。利率锁定效应也导致现有房源供应不足，进一步加剧了市场的供需矛盾。首次购房者面临着前所未有的负担能力挑战，高房价使得他们难以进入市场。此外，建筑商的降价行为也对市场产生了一定的影响。

Deep Dive

Chapters
The spring selling season was a bust, and demand has weakened due to global events, consumer confidence, and affordability issues. Move-up and luxury buyers are hesitant, while first-time buyers face affordability challenges.
  • Weak spring selling season
  • Negative impact of global events
  • Affordability most stretched since the early 80s
  • Confidence issues impacting move-up and luxury buyers

Shownotes Transcript

Mark, Marisa, and colleague Adam Kamins are joined by Ivy Zelman to discuss the housing market outlook. Ivy sheds light on a wide variety of topics, including disappointing demand, the persistent drag from mortgage rate lock, and a lack of listings, adding up to a bearish outlook for prices and sales. The group also touches on regional differences, why builders are pulling back, and the effect of policy changes around tariffs and immigration. Along the way, Marisa and Adam learn the answers to a few existential questions, including “Why am I here?”

Guest: Ivy Zelman), Executive Vice President of Zelman, a Walker & Dunlop Company

Hosts: Mark Zandi – Chief Economist, Moody’s Analytics, Cris deRitis – Deputy Chief Economist, Moody’s Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody’s Analytics

Follow Mark Zandi on 'X' and BlueSky @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn

 

 

Questions or Comments, please email us at [email protected]). We would love to hear from you. 

 

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