Altos Blog | Mike Simonsen (10)

National Data

Home sales each week continue to be at depressed levels. We counted only 59,000 new pending sales this week. Meanwhile, available inventory of unsold homes is growing. In fact, this week...

National Data

This week continues the trend of fewer home sales and steady prices. New contracts dipped as affordability is out of reach for so many. Inventory is very low and just inching up now week...

Altos Research Mike Simonsen Top of Mind Podcast Leigh Brown

In this episode of the Top of Mind podcast, Mike Simonsen sits down with storied real estate trainer and broker Leigh Brown to talk about the state of today’s real estate industry.Leigh...

National Data

Mortgage rates kept climbing in the last week. Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly...

National Data

It’s mid-August, mortgage rates have been stubbornly above 7% for two months now, and it sure looks like home buyers are growing weary. We can see signs that buyers are slowing, both in the...

National Data

Mortgage rates are sitting at their highest levels in many years. Higher mortgage rates mean higher monthly payments, less affordability for home buyers, and slightly fewer transactions....

Altos Research Mike Simonsen Top of Mind Podcast Mynd Doug Brien

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Doug Brien, CEO and co-founder of Mynd, to talk about innovation and opportunities in real estate investing. Doug...

National Data

Last week, NAR reported that existing home sales declined in June to an annual rate of 4.2 million. The question I’ve been getting lately is whether we’ve turned the corner on home sales....

Altos Research Mike Simonsen Top of Mind Podcast National Association of Home Builders Robert Dietz

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Robert Dietz, Chief Economist and Senior Vice President for Economics and Housing Policy for the National...

National Data

Somewhere about this time last summer, I did a video where we pointed out that it looked like the US housing market could have a soft landing in 2023. Any time you use the phrase “soft...