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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

housing market data

Home sellers cutting prices as the market shifts
By Mike Simonsen on June 6, 2022

This last week was the Memorial Day holiday in the US and as usual, the housing market does a minor pause. There’s a bigger pause during the July 4th holiday week, but a little one for...

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The Real Estate Frenzy is Over
By Mike Simonsen on May 31, 2022

Even as inventory climbs each week, home prices are still very strong. The next few months of transition are going to be fascinating. Very hard actually to communicate.

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housing market data

Housing inventory jumped 8% this week
By Mike Simonsen on May 23, 2022

Big 8% increase in inventory this week. We’ll take some time to see how unprecedented, or not, that move is. Home prices are strong - new record high actually. What’s going on out there?...

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The Risks and Opportunities in Today's Housing Market
By Mike Simonsen on May 18, 2022

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Rick Sharga, EVP of Market Intelligence at ATTOM, for a deep dive into the state of the current housing market. Rick...

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housing market data

Price reductions accelerating as housing demand cools
By Mike Simonsen on May 16, 2022

Inventory is increasing. And price reductions are climbing too as buyer demand backs off with higher mortgage rates and new uncertainty in the strength of the economy. Because it’s May and...

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housing market data

The Housing Market Shift Is Here. Now What?
By Mike Simonsen on May 13, 2022

Mortgage rates are way up. Inflation is super high, stock in crypto markets are way down, is it possible that real estate escapes all the economic carnage? The fact is available inventory...

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real estate data

Leading indicators of a housing slowdown
By Mike Simonsen on May 11, 2022

Predicting change in the real estate market is a challenge. Interest rates have spiked, which should be dampening demand. But also low inventory is building demand and cash for buying...

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real estate data

Housing inventory is rising quickly as the market shifts
By Mike Simonsen on May 9, 2022

Available inventory of single family homes on the market is rising quickly each week now. What does that mean? Is it a sign that the market is turning? Should we be worried? These are real...

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The Future of Second Home Ownership
By Mike Simonsen on May 4, 2022

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Austin Allison, CEO of Pacaso Homes, to talk about the shifting dynamics in the market for second homes. Austin...

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housing market data

Home prices hit a new record even as the market slows
By Mike Simonsen on May 2, 2022

Even though we can see tiny indications of the housing market trying to get back to more normal conditions, home prices still hit a record high this week. Buyers are still in a heavily...

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