On today’s Talk Your Book, we are joined by Mike Simonsen, Founder and President of real estate analytics firm Altos Research (a firm acquired by HousingWire Media)
See here and here to learn more about Mike’s research on residential housing
- The beginnings of Mike’s real estate research business
- How housing data has affected the behavior of real estate market participants
- The effect rates have on real estate decisions
- Rates spur demand more than they affect supply
- A realistic scenario for a housing market correction
- Why refinancing takes so long
- A post-mortem on the iBuyer phenomenon
- How the realtor community is doing in 2024
Charts/Tweets:
Bonus Chart! Coming Soon Listings
Pre-market listings indicating future inventory.
Trend: Currently at very low levels, mirroring last year’s slow period.
Implication: No major surge in inventory expected later this year.4/8 pic.twitter.com/Ag4YKNTiQ9
— Mike Simonsen 🐉 (@mikesimonsen) July 29, 2024
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