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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

High Mortgage Rates Are Fueling Strong Inventory Growth
By Mike Simonsen on April 15, 2024

Big jump in interest rates this week. The 30-year fixed rate mortgage according to the HousingWire mortgage rates center is now over 7.2%, that’s 50 basis points above where we were at the...

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Altos Research Mike Simonsen Top of Mind Podcast Federal Housing Finance Agency FHFA Jonah Coste

The Lock-In Effect of Rising Mortgage Rates with FHFA’s Jonah Coste
By Mike Simonsen on April 10, 2024

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Jonah Coste from the Federal Housing Finance Agency (FHFA) to talk about the impact of the mortgage rate “lock-in”...

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National Data

As Housing Inventory Grows, What Will Happen to Home Prices?
By Mike Simonsen on April 8, 2024

Here’s how 2024 is shaping up: there are now more listings, more active inventory, and more sales than a year ago. Sales are increasing because supply is increasing. We’re slowly emerging...

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National Data

Home Sales Are Finally Climbing
By Mike Simonsen on April 1, 2024

Everyone knows it’s been a very dry 18 months for home sales. As mortgage rates rose, starting over two years ago now, payment affordability got dramatically worse and home buyer demand...

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National Data

Home Sales Are Growing, Prices Will Stay Flat
By Mike Simonsen on March 25, 2024

It was a pretty strong week for all the housing numbers. New supply and sales numbers keep climbing weekly and compared to last year. Price numbers had a slight increase this week across...

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National Data

How This Week’s Fed Meeting Could Impact the Housing Market
By Mike Simonsen on March 18, 2024

There’s a big Federal reserve meeting this week, and we’ll learn more about the future of interest rates then. I don’t have any capacity to predict interest rates - I’m not convinced anyone...

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Altos Research Mike Simonsen Top of Mind Podcast Ed Pinto American Enterprise Institute

Data-Driven Housing Policy with AEI’s Ed Pinto
By Mike Simonsen on March 13, 2024

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Ed Pinto, senior fellow and co-director of the AEI Housing Center at the American Enterprise Institute (AEI), for a...

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National Data

Why Inventory Could Grow by 40% This Year
By Mike Simonsen on March 11, 2024

Available inventory of homes on the market is climbing and will continue to climb until we’re finally in an environment of declining interest rates. Inventory has been rising for two years...

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National Data

Inventory Is 19% Higher Than a Year Ago
By Mike Simonsen on March 4, 2024

In the face of growing supply of unsold homes on the market, we have to ask how much more inventory this market can handle before home prices start to decline. We’re at 19% year over year...

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Altos Research Mike Simonsen Top of Mind Podcast Conor Sen Bloomberg

Economic Trendspotting with Bloomberg’s Conor Sen
By Mike Simonsen on February 28, 2024

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Bloomberg’s Conor Sen to talk about the big economic trends shaping the housing market. Conor shares his views on...

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