A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country.
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This week, I looked at how different this year is than previous years. For one, we're seeing people ignore the usual start-of-school season and continue to buy, with many city dwellers snapping up second homes outside the city. Inventory is at record lows, and prices are holding steady when they'd normally be dropping.