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#Zelman
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#Zelman: we believe #urbanization trend is not as big as people think. #housing #amNABE

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#Zelman: potential first-timers don't ask, what are interest rates, they ask what is monthly cost? also, rents are rising. #housing #amNABE

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#Zelman: we disagree that first-timers are not in the game. 50% of Ginnie's first-timer credit scores are up 470 bps #housing #amNABE

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#Zelman: most activity and growth is in nonbank lending who had to up their app game when refis dried up; are going down the credit scale

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Ivy #Zelman, widely considered one of #housing's smartest analysts, says she's more bullish than most. Hurrah! #amNABE

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