Altos Blog (10)

National Data

Last week, NAR reported that existing home sales declined in June to an annual rate of 4.2 million. The question I’ve been getting lately is whether we’ve turned the corner on home sales....

Altos Research Mike Simonsen Top of Mind Podcast National Association of Home Builders Robert Dietz

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Robert Dietz, Chief Economist and Senior Vice President for Economics and Housing Policy for the National...

National Data

Somewhere about this time last summer, I did a video where we pointed out that it looked like the US housing market could have a soft landing in 2023. Any time you use the phrase “soft...

National Data

This week, new pending home sales prices are at a new high for the year, and just fractionally below last year at this time. This is a remarkable development given how dramatically home...

National Data

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...

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

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...

National Data

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...

Altos Research Mike Simonsen Top of Mind Podcast Corcoran Stephanie Anton

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....

National Data

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...

National Data

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....