Ivy Zelman of Zelman and Associates tells it like it is, and it is time, she says. CNBC reports:
Housing guru Ivy Zelman told CNBC's "Fast Money Halftime Report" on Monday that "now" is the best time to buy a house.
"It's the best time in the history of our country with mortgage rates that are below 4 percent that [renters] can actually lock in their fixed cost and create wealth for themselves," she said.
Zelman said this housing cycle is like a "tale of two markets."
She said the entry-level market is beginning to accelerate, and builders' trepidation is slowly beginning to fade as more people are beginning to move to the suburbs.