HousingWire Daily Mike Simonsen on housing data to watch amid market volatility
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Apr 10, 2025 Mike Simonsen, Founder of Altos, shares his expertise on navigating housing market trends during volatile times. He discusses the surge in pending home sales and how inventory levels are shifting across regions. Mike emphasizes the role of economic factors, like tariffs, in influencing buyer demand and interest rates. He highlights the resilient financial state of homeowners, suggesting it could mitigate recession impacts. Finally, he explores significant data trends in mortgage rates and their potential to reshape future market dynamics.
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Housing Market Trends
- Weekly pending home sales are ticking up, indicating increased buyer activity.
- Inventory is climbing with more sellers entering the market than last year.
Market Volatility and Unemployment
- The housing market hasn't faced unemployment for 15 years, making interest rates the primary driver.
- A weakening economy combined with potential unemployment presents a new market dynamic.
Key Market Indicators
- Watch weekly pending home sales for momentum shifts.
- Monitor new listing volumes and price reductions as indicators of demand and seller behavior.