In this episode of the Top of Mind podcast, Mike Simonsen sits down with Lisa Sturtevant, Chief Economist for Bright MLS, to talk about the big trends shaping the housing market in 2023 and beyond. Lisa looks at how housing preferences have changed across generations, provides insights into current demographic trends, gives her take on what’s working (and what’s not) with public policy, and outlines her expectations for inflation, recession and more. She also shares a few optimistic signs for affordability this year and offers some helpful advice for potential buyers.

About Lisa Sturtevant

Dr. Lisa Sturtevant has been involved in research on economic, demographic, and housing market issues for more than 20 years. She currently serves as Chief Economist with Bright MLS, one of the largest multiple listing services in the country, serving over 100,000 subscribers across 6 states and the District of Columbia. In her role, she leads research and forecast activities for Bright, serving as a thought leader on the housing market.

Prior to her position at Bright MLS, Dr. Sturtevant was Chief Economist with Virginia REALTORS ® . She was founder and president of LSA Planning, a housing consulting firm, and has served in other research capacities at non-profit organizations and universities. Dr. Sturtevant completed her PhD in public policy from George Mason University, a master’s degree in public policy from the University of Maryland, and a BS in mathematical economics from Wake Forest University.

Here’s a glimpse of what you’ll learn:

How housing preferences have changed across generations, and why that matters
What we should know about millennials and new immigrants, including where they’re buying and implications for future housing needs
The latest trends for Zoom Towns and first-tier suburban home demand
What public policy gets wrong about planning for affordability
Why she sees some optimistic signs for affordability this year, and where longer-term opportunities lie
How housing decisions get made at the local level
Which areas are having success with zoning and construction policy
Why 2023 looks like a “touch-and-go” economy rather than a “soft landing”
Her expectations for inflation and recession
Her advice to potential buyers right now

Resources mentioned in this episode:

Featuring Mike Simonsen, President of Altos Research

A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets.

https://twitter.com/altosresearch

https://twitter.com/mikesimonsen

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