CNBC - Closing Bell Overtime
December 23, 2025
With mortgage rates expected to remain elevated and affordability still top of mind, Alan shared his perspective on mortgage and housing affordability during CNBC’s Closing Bell Overtime.
December 23, 2025
With mortgage rates expected to remain elevated and affordability still top of mind, Alan shared his perspective on mortgage and housing affordability during CNBC’s Closing Bell Overtime.
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Zelman served as Exclusive Sell-Side Investment Banker to Truland Homes, the largest private homebuilder along the Gulf Coast, on its successful Company Sale to D.R. Horton, Inc., the largest homebuilder by volume in the United States (NYSE: DHI)
The housing market is stuck. Stubborn homeowners with low rates refuse to move, even as demand starts to pick back up. Homebuilders are driving ahead with more new construction homes, but is it too late to deliver the supply we so desperately needed only a year or two ago? Where is the housing market moving next, and how long will we be stuck in this standoff? Ivy successfully predicted the last housing crash, so what does she have to say about today’s market?
It was an exciting day as Tony joined United Homes Group to ring the Nasdaq closing bell! Congrats to UHG!
Alex Virtue has joined Zelman as Managing Director. Based in Los Angeles, Alex will expand Zelman’s investment banking coverage in multifamily and other asset classes and will work in close collaboration with Tony McGill, senior managing director and head of Investment Banking.
Ivy shared her thoughts on multifamily apartment rents pressure and the trajectory of housing prices. She's cautious and argued that the lack of supply on the market is not going to be a good thing. Ivy said, "demand is negatively impacted for two-thirds of the market," because about half of all homeowners have locked in mortgage rates of under 3.5% and about 90% borrowed at a rate under 5% — compared to the current national average of 6.3%.
Ivy shared her thoughts on mortgage affordability leading to a surge in the multifamily market and what she expects to see in the future. She said,"It feels like a storm is really brewing on multifamily at least in terms of pressure on lease rates, and there's just a tremendous amount of headwinds coming."
Ivy continues to make valuable contributions to the real estate industry. We are proud to announce her most recent recognition, being named one of Barron's 100 Most Influential Women in U.S. Finance for the fourth consecutive year.
Zelman served as Lead Financial Advisor and Lead Placement Agent on United Homes Group’s recent $80,000,000 Senior Convertible Note PIPE Investment in connection with its reverse merger with DiamondHead Holdings Corp. United Homes Group is one of the largest homebuilders in the Southeast focused on entry level and first-time move-up home buyers, employing a capital efficient “land-light” operating model.