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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

Mid-Year Housing Market Signals for the Rest of 2023
By Mike Simonsen on July 5, 2023

What will it take for inventory of homes to build for the second half of the year? If mortgage rates climb, demand will slow and inventory will build up, like it did in September and...

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Altos Research Mike Simonsen Top of Mind Podcast Adena Hefetz Divvy Homes

Divvy Homes’ Adena Hefets on Rent-To-Own Innovations
By Mike Simonsen on July 5, 2023

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Adena Hefets, co-founder and CEO of Divvy Homes, to talk about why the rent-to-own model is gaining momentum in...

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National Data

Signs that homebuyers have adjusted to high mortgage rates
By Mike Simonsen on June 26, 2023

We’re seeing encouraging purchase signals this week even as mortgage rates have stabilized around 7%. Available inventory of unsold single family homes rose 2% this week; last year it rose...

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Altos Research Mike Simonsen Top of Mind Podcast Corcoran Stephanie Anton

Corcoran’s Stephanie Anton on What’s Next for Luxury Real Estate
By Mike Simonsen on June 21, 2023

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Stephanie Anton, President of Corcoran Affiliates, to talk about the market for luxury homes around the world....

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National Data

Are high mortgage rates finally impacting demand?
By Mike Simonsen on June 19, 2023

While we still hear anecdotes about multiple offer scenarios in much of the country, and inventory is still super tight, we’re starting to see a slight slowdown in the sales rate, and a few...

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National Data

Home sales have slowed, but home prices are holding up
By Mike Simonsen on June 12, 2023

We’ve been reporting for a few weeks about how the real estate market is reacting to mortgage rates around 7%. It seems pretty clear that sales volume has dipped as rates have moved up....

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Altos Research Mike Simonsen Top of Mind Podcast Houston Vintage Homes Tyron McDaniel

Houston Vintage Homes’ Tyron McDaniel on Building Affordable Housing
By Mike Simonsen on June 7, 2023

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Tyron McDaniel, CEO of Houston Vintage Homes, to talk about his vision for affordable and attainable housing. Tyron...

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National Data

Are We Seeing Shadow Demand for Homes?
By Mike Simonsen on June 5, 2023

In this week's market update, I look at the phenomenon of "shadow demand." One of the persistent bearish arguments over the years has been that we have “shadow inventory” of sellers -...

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Altos Research Mike Simonsen Top of Mind Podcast 100watt Brian Boero

1000watt’s Brian Boero on Thriving in a Difficult Real Estate Market
By Mike Simonsen on May 31, 2023

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Brian Boero, co-founder of real estate branding and strategy firm 1000watt, to talk about how agents and brokers can...

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National Data

How much do home buyers really care about 7% mortgage rates?
By Mike Simonsen on May 29, 2023

By now it’s no secret that the US real estate market in 2023 has been more resilient than anyone expected at the beginning of the year. But it’s also important to note that mortgage rates...

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