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National Data

Is the 2024 Housing Market Beyond Saving?
By Mike Simonsen on July 29, 2024

Any sales growth momentum in the real estate market we might have had early in the year is gone. New home sales contracts are coming in pretty consistently fewer than last year - 4.9% fewer...

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National Data

Housing Demand Stalls As Homebuyers Wait for Lower Rates
By Mike Simonsen on July 22, 2024

Mortgage rates have come down with recent good inflation news, but rates are still higher than they were a year ago and higher than they were 6 months ago. How will consumers respond as...

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National Data

What Happens to the Housing Market When Rates Finally Drop?
By Mike Simonsen on July 15, 2024

Is it darkest before the dawn? If we look at the housing market data right now, things look the most bearish they've been all year. And yet, really good inflation data came in last week,...

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Forecasting Home Prices with Pulsenomics’ Terry Loebs
By Mike Simonsen on July 10, 2024

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Terry Loebs from Pulsenomics for a deep dive into forecasting home prices and the housing market. Terry has been at...

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National Data

More Price Cuts As Inventory Continues To Grow
By Mike Simonsen on July 8, 2024

Nationally, the housing market indicators have been slow for several months now. There have been a few markets though that have defied the national trends where inventory has stayed tighter...

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National Data

What To Expect in the Real Estate Market For the Rest of the Year
By Mike Simonsen on July 1, 2024

The last week of June is typically the peak of the home buying season, when activity and prices start their seasonal decline. So this first week of July, I'm looking at what we can we see...

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Real Talk on Rates with Mortgage News Daily’s Matt Graham
By Mike Simonsen on June 26, 2024

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Matt Graham from MBS Live and Mortgage News Daily. A former loan originator, Matt is one of the foremost technology...

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National Data

Inventory Growth Is Slowing. Are Sellers Backing Off?
By Mike Simonsen on June 24, 2024

Inventory grew by almost 14,000 homes this week. That’s a pretty solid number, but actually fewer than our model had predicted for the week. Are sellers backing off?Every week Altos...

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National Data

Inventory Inches Up While Prices Hold Steady
By Mike Simonsen on June 17, 2024

I’ve been highly tuned in looking for signals that the housing market is slowing. By now everyone knows that unsold inventory of homes on the market is climbing. But is that unsold...

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Product Features

New in Altos: Pending Sales Data
By Mike Simonsen on June 12, 2024

We’re excited to announce the availability of Pending Sales data, our clearest signal to date of future home sales. You'll find Pending Sales data in Advanced Analytics, Altos’ data...

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