As Chief Executive Officer of Zelman & Associates, Ivy Zelman, holds roughly 27 years of experience
covering housing and housing-related industries. Founded in October 2007, Zelman & Associates
provides analyses across all aspects of the housing spectrum. Ivy’s concept for the firm remains
strongly rooted in the ability to perform thematic research overlaid with proprietary surveys to produce
unparalleled differentiated value-added research.

Ivy continues to be frequently quoted in The Wall Street Journal and appears occasionally as a guest
on CNBC. For the past 22 years, Institutional Investor has recognized Ivy as one of the most
preeminent figures within the housing industry. Most notably, Institutional Investors - America
Research Team rankings placed Ivy and her team with eleven 1st place rankings (1999 – 2004, 2006 –
2007 and 2010 – 2013). Ivy achieved this record over the years, most notably when she called the top
of the housing market in 2005. In addition, she reinforced her dominant reputation in the industry by
calling the bottom of the housing market in January 2012.

Ivy received a Bachelor of Science from George Mason University and currently lives in Cleveland,
Ohio with her husband David and their three children, Zoey, Zachary and Zia.