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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

National Data

More Sellers, Fewer Buyers
By Mike Simonsen on February 26, 2024

Price reductions ticked up this week for the first time since November in the face of rising mortgage rates. Inventory is rising across the country as home buying affordability takes...

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National Data

Home Price Gains Slow as Mortgage Rates Rise
By Mike Simonsen on February 19, 2024

Are last year’s surprising home price gains evaporating now? As interest rates climb again, some of the price signals are softening. Inventory is climbing vs. last year, and home prices...

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Altos Research Mike Simonsen Top of Mind Podcast Jamie Lane STR AirDNA

Deep Dive on the Short-Term Rental Market with AirDNA’s Jamie Lane
By Mike Simonsen on February 14, 2024

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Jamie Lane, Chief Economist at AirDNA, for a deep dive into the fascinating dynamics of the short-term rental (STR)...

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National Data

Sellers Are Coming Back to the Market. Can Buyers Keep Up?
By Mike Simonsen on February 12, 2024

Each week for several months now, inventory levels of unsold homes on the market has been expanding compared to last year. Even as inventory declined this week, it’s growing compared to a...

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National Data

Are Rising Mortgage Rates Already Deterring Home Buyers?
By Mike Simonsen on February 5, 2024

Mortgage rates are back up over 7% this morning following very strong economic growth data. When the economy is stronger than expected, and job growth is stronger than expected, the bond...

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National Data

Home Sales Are Growing. Will It Continue?
By Mike Simonsen on January 29, 2024

On Friday last week, the National Association of Realtors released their December pending sales data. The headline was an impressive 8% jump over December of 2022. If you’ve been following...

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Altos Research Mike Simonsen Top of Mind Podcast selma hepp corelogic

CoreLogic’s Selma Hepp’s Forecast for the 2024 Housing Market
By Mike Simonsen on January 24, 2024

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

Real Estate Momentum Slows As Interest Rates Rise Again
By Mike Simonsen on January 23, 2024

For several weeks I’ve been reporting data that shows the housing market growing in 2024. Those metrics - specifically the pace of new listings and new sales contracts - slowed this week....

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National Data

Signs Point to More Inventory This Spring
By Mike Simonsen on January 15, 2024

Home sellers are finally starting to ease back into the market, and new listings each week are now exceeding last year's levels. As a result, we’re starting to see slightly more available...

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Altos Research Mike Simonsen Top of Mind Podcast LabCoat Agents Tristan Ahumada

Lessons from a Top 1% Agent with LabCoat’s Tristan Ahumada
By Mike Simonsen on January 10, 2024

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Tristan Ahumada from LabCoat Agents to talk about how agents should be using social media and other marketing tools...

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