Does America actually have a housing shortage, or has the real estate industry been looking at the wrong numbers?
In this episode of Real Estate Insiders Unfiltered, James Dwiggins and Keith Robinson sit down with Ryan McKeveny, Managing Director at Zelman & Associates, to examine the data behind the supposed housing shortage and what changing demographics could mean for the future of real estate.
Ryan makes a provocative argument: while conventional wisdom says America faces a historic housing shortage, Zelman’s research suggests the overall housing market is roughly balanced, with a modest undersupply of single-family homes and a modest oversupply of multifamily housing.
They discuss:
- Why Zelman challenges the severe housing shortage narrative
- How declining births and an aging population change future housing demand
- Why immigration will become critical to U.S. population growth
- How nearly 20% of new resale listings are connected to a death
- Why agents may need to gain market share instead of waiting for a recovery
Ryan also explains why affordability remains a major problem even without a massive housing shortage. Mortgage rates, home prices, wage growth, and the lock-in effect continue to constrain transactions and there’s no guarantee the market will suddenly bail agents out.
For real estate professionals, the takeaway is simple: understand where the population and housing market are actually heading, identify opportunities inside your sphere, and build a business capable of winning even if today’s market doesn’t dramatically improve.
Links mentioned during the episode:
Zelman Housing Summit
September 17-18, InterContinental Boston
Register for the Housing Summit
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Connect with our guest, Ryan McKeveny:
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