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.
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.
Watch this week's video for all the details!
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