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National Data

As More Homes Take a Price Cut, Will List Prices Drop?
By Mike Simonsen on May 20, 2024

When we look at the US housing data, the most notable trend recently is that price reductions are on the way up. There are more homes sitting on the market that didn’t get offers at their...

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National Data

Mixed Signals for Peak Home Buying Season
By Mike Simonsen on May 13, 2024

As we hit peak home buying season in the US, the signals across the country are mixed at best, with some markets accelerating a bit and others slowing very quickly. Inventory continues to...

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Altos Research Mike Simonsen Top of Mind Podcast Ginger Wilcox Better Homes & Gardens Real Estate

Growing an Iconic Real Estate Brand with Ginger Wilcox, Better Homes & Gardens Real Estate
By Mike Simonsen on May 8, 2024

In this episode of the Top of Mind podcast, recorded live at HousingWire’s The Gathering conference, Mike Simonsen sits down with Ginger Wilcox, President of Better Homes & Gardens Real...

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National Data

Home Price Signals Point to Flat Growth
By Mike Simonsen on May 6, 2024

Inventory continued to climb this week. Not at a super fast pace, but the number of homes on the market across the country keeps expanding. As mortgage rates stay elevated and as unsold...

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National Data

Home Sellers Are Coming Back to the Market
By Mike Simonsen on April 29, 2024

New listings volume each week is now higher than at any time last year. And since it's still only April, there could be as many as eight more weeks of seller growth in the spring market....

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National Data

Pending Home Sales Prices Hit All-Time High
By Mike Simonsen on April 22, 2024

Even after a couple weeks of mortgage rate jumps, we’re still seeing surprising strength in key elements of the housing market. In fact, some measures of home prices are now at their...

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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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