Insider spoke to the Zelman and Associates founder and the BiggerPockets CEO about their views.Housing market expert Ivy Zelman and real estate investing pro Scott Trench approach the housing market from very different perspectives, but they can still see eye-to-eye on some things.
"It feels like a storm is really brewing on multifamily, at least in terms of pressure on lease rates," Zelman said. Trench went even further, saying he expects a crash in the multifamily apartment prices soon. The two real estate pros took different stances when it comes to the single family housing market, however. Trench says that in 2024, first-time homebuyers might be able to secure a good deal on a house.
Ivy Zelman is a housing expert who identified the market bubble in the 2000s and called the housing market turnaround in 2012.Zelman, however, is far more cautious about the trajectory of housing prices, and she argued that the lack of supply on the market is not going to be a good thing.