Mike Simonsen, the data-driven mind behind Altos Research, and Lance Lambert, co-founder of the insightful Residential Club newsletter, dive into the perplexing U.S. housing market. They explore why prices remain sky-high despite plummeting demand and debate the eerie 'locking effect' of low mortgage rates stemming from existing homeowners. The duo analyzes regional discrepancies, the effects of rising interest rates, and the growing influence of individual investors, unpacking a market that seems both bizarre and unpredictable.

Mike Simonsen, an analyst at Altos Research, dives into compelling predictions for the housing market in 2025. He discusses the potential for mortgage rates to dip below six percent and a hopeful increase in home sales. With a surprising 27% rise in unsold single-family homes, Mike explores how this could trend and its impact on prices. He sheds light on the one crucial metric his team is monitoring closely. Overall, there’s an optimistic outlook for buyers and sellers navigating the shifting landscape.

Mike Simonsen, President of Altos Research, dives into the pressing housing affordability crisis. He discusses the significant drop in home sales linked to soaring mortgage rates and how this challenges buyers as spring approaches. Simonsen sheds light on regional market trends and inventory changes, particularly in Buffalo. He also highlights the broader implications of recent policies on housing supply and prices, urging listeners to consider how these dynamics will shape the future of home buying.

Mike Simonsen, an analyst from Altos Research and HousingWire, dives into predictions for the 2025 housing market. He discusses the potential for mortgage rates to dip below six percent and the rise in housing inventory. Mike examines the impact of economic uncertainties, migration trends, and job transitions on home sales. With optimistic projections, he highlights a key metric to watch for gauging market direction. If you're a buyer or seller, this insights-packed conversation is a goldmine for understanding upcoming changes!

Mike Simonsen, President of Altos Research, dives into the challenges facing the spring home-buying market. He discusses how economic factors like rising unemployment and high mortgage rates are affecting buyer confidence. The conversation explores the implications of fluctuating interest rates on home sales and highlights strategies builders are using to adapt. Simonsen also emphasizes the power of data in countering market fears, showcasing trends that reveal resilience in certain regions. It's a timely look at navigating a complex housing landscape.

Mike Simonsen, Founder of Altos Research, discusses the shifts in the US real estate market. Topics include fluctuating mortgage rates, the comparison between homeownership and investment properties, rising mortgage rates impacting market pace, the role of home builders, and the interplay of inventory and mortgage rates in housing demand and affordability.

Mike Simonsen, President of Altos Research, dives into pressing housing market trends with Editor in Chief Sarah Wheeler. They discuss the escalating affordability crisis as home prices soar while incomes stagnate. Simonsen highlights the challenges posed by mortgage rates surpassing 7% and their impact on buyer demand. Additionally, they explore the current inventory levels in the market and how they influence pricing dynamics, along with predictions for mortgage rates in 2025. A captivating conversation on navigating today's housing landscape!

Mike Simonsen, an industry expert provides insights on the future of the industry. The podcast discusses the recent verdict in a lawsuit, potential insolvency of entities involved, lack of mainstream press coverage, and the financial implications of a settlement. Other topics include issues in the real estate market, settlement decisions, implications of an injunction, impact of recent news on Zillow, and preparing for copycat losses.

Mike Simonsen, President of Altos Research, shares his expertise on current real estate trends. He discusses the rising trend of home price cuts as sellers react to reduced buyer activity amid high mortgage rates. Simonsen highlights the unusual uptick in price reductions this spring, emphasizing the struggle sellers face in attracting buyers. He also analyzes regional disparities in home prices and the impact of economic uncertainties on the housing market, urging the importance of continuous data analysis for forecasting.

This week features Mike Simonsen, Founder of Altos Research, a leading source for housing market data. He shares an intriguing 2025 forecast predicting a slight increase in home sales and prices, yet highlights persistent affordability challenges. Simonsen also discusses the pivotal role of immigrant labor in the construction industry and how tariffs might spike building costs. With a possible dip in mortgage rates on the horizon, the conversation reveals the complex dynamics shaping today’s housing market.