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National Data

Are Rising Mortgage Rates Already Deterring Home Buyers?
By Mike Simonsen on February 5, 2024

Mortgage rates are back up over 7% this morning following very strong economic growth data. When the economy is stronger than expected, and job growth is stronger than expected, the bond...

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National Data

Home Sales Are Growing. Will It Continue?
By Mike Simonsen on January 29, 2024

On Friday last week, the National Association of Realtors released their December pending sales data. The headline was an impressive 8% jump over December of 2022. If you’ve been following...

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CoreLogic’s Selma Hepp’s Forecast for the 2024 Housing Market
By Mike Simonsen on January 24, 2024

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Selma Hepp, Chief Economist at CoreLogic, to get her take on what’s happening in the housing economy. Selma shares...

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National Data

Real Estate Momentum Slows As Interest Rates Rise Again
By Mike Simonsen on January 23, 2024

For several weeks I’ve been reporting data that shows the housing market growing in 2024. Those metrics - specifically the pace of new listings and new sales contracts - slowed this week....

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National Data

Signs Point to More Inventory This Spring
By Mike Simonsen on January 15, 2024

Home sellers are finally starting to ease back into the market, and new listings each week are now exceeding last year's levels. As a result, we’re starting to see slightly more available...

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Lessons from a Top 1% Agent with LabCoat’s Tristan Ahumada
By Mike Simonsen on January 10, 2024

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Tristan Ahumada from LabCoat Agents to talk about how agents should be using social media and other marketing tools...

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National Data

The Strong Spring Real Estate Market Will Surprise You
By Mike Simonsen on January 8, 2024

Based on the trends we can see after the start of the year, I’ll project 2024 will see probably 15% home sales growth over 2023. Home prices will be up this year by a few percent also. ...

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National Data

Real Estate’s Strong 2023 Finish
By Mike Simonsen on January 2, 2024

Happy New Year! The last week of data for the 2023 US real estate market is in, and pretty much all the signals for housing in 2024 are now pointing towards growth.Inventory is slowly but...

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The Housing Market Outlook for 2024
By Mike Simonsen on December 27, 2023

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Logan Mohtashami, lead analyst at HousingWire, to talk about his housing market predictions for 2024. Logan looks at...

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National Data

Are Sellers Finally Coming Back?
By Mike Simonsen on December 18, 2023

We're wrapping up 2023, and the housing market is about to settle down for a few holiday weeks before beginning the year with new listings and new market signals.But there is something...

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