Altos Blog | Mike Simonsen

National Data

Even though this week there were 9% more newly pending home sales than the same week a year ago, home sales are ticking down for the season and look weaker than they did in October....

Altos Research Mike Simonsen Top of Mind Podcast Logan Mohtashami

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Logan Mohtashami, lead analyst at HousingWire, to talk about his predictions for 2025. Logan looks at inventory...

National Data

Overall this was a much slower week for the housing market than recent weeks have been. Inventory, new listings, sales, and prices all dipped this week. The autumn seasonal decline is upon...

National Data

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...

Altos 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...

National Data

We 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...

National Data

Despite 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...

National Data

About 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...

National Data

Home 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...

National Data

The 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...