2153: Behind the Numbers: Decoding Real Estate Trends with Mike Simonsen, Altos Research Part 2

Creating Wealth Real Estate Investing with Jason Hartman

Jason finishes up his interview with Mike Simonsen of Altos Research stating that homebuyers adjust their expectations based on mortgage rates, currently stabilized around 7%. Rapid changes prompt swift comparisons, affecting buyer behavior. Small rate bumps incite fear of loss, while larger increases lead to resignation. Analysis of new listings and pending sales reveals a growing seller market, though inventory remains restricted. Median home prices approach pre-pandemic levels, signaling market stabilization. Despite rising prices, a slight increase in price reductions suggests softer demand. Altos Research provides data-driven insights for real estate professionals navigating market complexities, empowering informed decision-making.

https://www.AltosResearch.com/

#RealEstateMarket #Homebuyers #MortgageRates #Inventory #SellerMarket #PriceTrends #MarketStabilization #AltosResearch #DataDriven #ExpertInsights #HousingMarket #BuyerBehavior #PriceReductions #MarketCommunication

Key Takeaways:

Jason's editorial

1:34 Housing inventory is still very low

4:26 Join our Empowered Investor Pro FREE monthly Zoom meetings JasonHartman.com/Wednesday

Mike Simonsen interview Part 2

5:11 Overall housing inventory

7:03 How many sellers/listings each week

9:15 Adjusting data per capita

11:24 Sales rate

13:55 The number of sales versus the number of pending sales

17:08 Cutting home prices

21:27 Blog post: An Assessment on How Infrastructure Construction Affects Estate Costs The Integral Analysis

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