The first signs of a strong 2014 for real estate

January 21, 2014

If you’re new to Altos Research, check out our main web site to learn about how we do our real estate market data and how you can benefit from it. If you pay attention to your Altos data, you’ll know that the housing market bottoms between the second and third week of January every year, […]

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NAR’s Existing Home Inventory Number is Wrong

October 22, 2013

Here’s a surprise for you, the National Association of Realtors doesn’t know how many homes are for sale. Yesterday’s existing home sales announcement included NAR’s estimate that there are 2.2 million homes for sale. Our data shows that it’s overstated by a third. There are actually approximately 1.7 million homes on the market (active inventory) […]

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We’re at the Seasonal Peak of the Housing Recovery

June 24, 2013

┬áDays on Market cycles since 2009 The last week of June is the seasonal peak of the US Real Estate market. After June 30, both supply and demand start declining through the end of the year. ┬áThe time to sell a home (as measured in Days on Market DOM) starts climbing. Prices decline alongside, until […]

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May’s Interest Rate Spike in Perspective

June 4, 2013

  That’s a big move, people. See last week’s post for our current thinking on the housing impact of higher interest rates. Wow. If this keeps up in June, I may have to rethink some assumptions about the recovery. This interest rate spike is coinciding with the end of the seasonal housing strength. The market […]

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June 2013 Home Prices Up Another 2%, Rents Continue Climbing

June 3, 2013

US real estate prices rose another 2% in May to begin June 2013 up 10% over last year at this time, and up 24% since the botton of the market March 18, 2011. Home prices will peak for the year at the end of June and begin a normal, seasonal stabilization and decline for the […]

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How Much Risk are Rising Mortgage Rates to the Housing Recovery

May 29, 2013

A recovery created purely by government largess is no recovery at all. That’s the strongest argument that our universally hot housing market is ephemeral. It’s true that the hot housing market is due in large part to federal government policy aimed at stimulating and rewarding housing demand. It’s generally a far better deal to own […]

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Rent or Buy? Trends in Price to Rent Ratios Around the Country

April 18, 2013

Somewhere just after the housing bubble burst in 2008 or so, I started hearing institutional investor types considering how they could use their cash to accumulate distressed real estate assets. Funds emerged Waypoint, Colony, BlackRock, heck even John Paulson – he of the Greatest Trade Ever – flipped from shorting sub-prime to going long real […]

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Rents and the Housing Recovery

April 11, 2013

By now it should be clear to everyone that a multi-year home price rebound started in January of 2012. It should also be obvious to everyone that home prices in 2013 are on a tear. The rest of 2013 will remain strong, with rising home prices. The data is already in and it is very […]

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