Housing GURU Ivy Zelman Worried About This!

So, the buzz here is all about Ivy Zelman, a real estate guru known for her knack in predicting housing market trends. Back in the day, she made a name for herself by calling out the 2006 real estate crash before it happened – pretty impressive, right? Well, she's back in the spotlight, and folks are listening closely to what she's saying.

Looking ahead to 2024 and 2025, Zelman is cautiously optimistic. She's not shouting from the rooftops about skyrocketing home prices. Instead, she expects a modest uptick in property values and more homes changing hands. Why? Well, she's banking on mortgage rates taking a dip, which could make buying a bit more appealing. But here's the twist – she's also raising a flag about a potential oversupply of houses down the road, as builders are kicking construction into high gear.

For the Austin market, despite a drop in prices in 2022, Ivy Zelman's crystal ball suggests a silver lining for 2024 and 2025, with more sales expected, even if home prices don't go through the roof. It's all part of the real estate puzzle, and her insights are handy for anyone thinking about buying or selling.  Check out this video to hear more and let us know what you think in the comments!