The hardest position to take in analyzing the market is one that is contrarian and bullish. When everyone knows that the housing market is sluggish and weak, but the data shows surprising...
Continue ReadingThe hardest position to take in analyzing the market is one that is contrarian and bullish. When everyone knows that the housing market is sluggish and weak, but the data shows surprising...
Continue ReadingAltos Research Mike Simonsen Top of Mind Podcast Mark Fleming First American Financial Corporation
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Mark Fleming, chief economist at First American Financial Corporation, to talk about the major market dynamics that...
Continue ReadingWe track inventory and home sales very closely around here, but to be honest, the biggest surprise to me this year has been the resiliency of home prices. Given the unrelenting mortgage...
Continue ReadingDespite the Florida hurricanes, and in the face of recently rising mortgage rates, unsold inventory of homes on the market climbed this week by about 1%. We’ve been expecting inventory to...
Continue ReadingAbout a year ago, I started noticing a parallel between the housing market and the labor market. Unemployment in the country is very low. Everyone has a job. The conventional wisdom for...
Continue ReadingHome sales and home prices have been improving for several weeks. Unfortunately, this period could be fleeting, because we had strong economic news last week. And ironically a really strong...
Continue ReadingThe rate of home sales is picking up, especially compared to last year at this time. The number of homes in contract across the country has risen for the last few weeks. Purchase mortgage...
Continue ReadingThe U.S. housing market has boomed for years, with economic growth and cheap mortgages driving massive homebuyer demand - and rising prices - for more than a decade.And for years, people...
Continue ReadingAltos Research Mike Simonsen Top of Mind Podcast John Burns Real Estate Consulting Eric Finnigan
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Eric Finnigan, Vice President of Demographics Research at John Burns, to talk about the biggest themes and trends in...
Continue ReadingWhile inventory of unsold homes on the market in each of the two last years headed higher during September and October due to mortgage rate spikes, we’re seeing a more normal seasonal...
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