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.
Our video about foreclosures has gotten over 15,000 views already - everyone is watching the market closely for what will happen.
In case you missed it, in the video I talk about the big news that we’re now in the final weeks of the foreclosure moratorium, and what that means for the real estate market. There are still a couple million homes in the mortgage forbearance program - what will happen to these homes when owners need to start paying their mortgage again? Will we see a wave of foreclosures?
If you've been following our market data videos every week, you know what signals I'm watching to assess the health of the real estate market. All signs point to a continued seller's market for some time to come, with strong demand and low inventory keeping prices high and reducing the number of foreclosures we'd normally expect to see.
Watch the video for more insights... and make sure to subscribe to our YouTube channel to get updates on the market every week.
