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Mike Simonsen

Mike Simonsen is the founder and president of real estate analytics firm Altos Research, which has provided national and local real estate data to financial institutions, real estate professionals, and investors across the country for more than 15 years. An expert trendspotter, Mike uses Altos data to identify market shifts months before they hit the headlines.
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All Posts from Mike Simonsen

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CoreLogic's Selma Hepp on the Risks and Opportunities for the 2023 Housing Market
By Mike Simonsen on March 1, 2023

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

What Will Happen with Home Prices in 2023?
By Mike Simonsen on February 28, 2023

We're two months into the new year, and even while we’ve been reporting surprisingly resilient home buying activity so far this year, it’s not nearly enough demand to change our view that...

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National Data

How Quickly Will Higher Mortgage Rates Impact Home Buyers This Spring?
By Mike Simonsen on February 20, 2023

How quickly will higher mortgage rates impact the surprisingly resilient home buyers this spring? The interest on a 30 year fixed mortgage today is approaching 7% again. Just a few weeks...

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National Data

Homebuyers Are Defying Expectations
By Mike Simonsen on February 13, 2023

Available inventory of homes for sale dropped big this week. So far this year demand for homes has exceeded the number of sellers who are willing to sell. It seems that sufficient numbers...

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The Key Labor Market Trends Shaping Real Estate Today
By Mike Simonsen on February 8, 2023

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Nick Bunker, Director of North American Economic Research at Indeed, for a deep dive into the employment trends that...

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National Data

Growth in Pending Home Sales Points to Strong Buyer Demand
By Mike Simonsen on February 6, 2023

Well friends, Americans are buying houses this winter. Each week inventory is falling and pendings are climbing. The market has fewer price reductions and more immediate sales each week....

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What Zillow Knows About the Housing Market in 2023
By Mike Simonsen on February 1, 2023

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Dr. Orphe Divounguy, Senior Economist with Zillow's Economic Research team, to talk about what’s on the horizon for...

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National Data

Has the Housing Market Already Found the Bottom?
By Mike Simonsen on January 30, 2023

Available inventory of homes for sale continues to fall at the end of January. This is a combination of very few new listings and a bit of a surprising uptick in demand from buyers. Low...

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National Data

Latest Data Shows Surprising Home Price Strength
By Mike Simonsen on January 23, 2023

We’re watching the data roll in each week, and frankly it keeps surprising me. The median price of newly listed homes is climbing, and price reductions continue to fall across the country...

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National Data

Housing inventory is starting to tick up
By Mike Simonsen on January 16, 2023

Available inventory of homes for sale has likely bottomed for the season. With a tiny uptick in inventory over last week. As we move later into January the signals for the year start...

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