Inventory Inches Up While Prices Hold Steady

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Altos Research is the premier resource for real-time real estate data. We provide weekly market statistics, analysis and reporting for 99% of the zip codes in the U.S., helping real estate professionals, investors, financial institutions, and their clients make better-informed decisions.
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. Altos provides national and local real estate data to financial institutions, real estate professionals, and investors across the country, and the company is now part of HW Media, publisher of HousingWire and RealTrends. Mike uses Altos data to identify trends in the real estate market well before the headlines, and his work has been featured in the New York Times, The Atlantic, Fortune, Forbes and other publications.
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Altos Research is now part of HW Media! Check out their channel at @HousingWire for more housing market insights.

Опубликовано:

3 окт 2024

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Комментарии : 20

@Invest-a-Gator 3 месяца назад

The issue is housing prices… not interest rates… many people have simply been priced out of the market. People are taking their houses of the market because they are having to adjust their price expectations. Sales are a historic lows. Price cuts are increasing. Thanks for the perspective

@RyanLundquist 3 месяца назад

Always appreciate your videos. Thanks Mike.

@peterbedford2610 3 месяца назад

Different areas are experiencing differences....just like any normal real estate market across the country. Inventory slowly going up in most markets

@EthanFlynn 3 месяца назад

Inventory is plateauing because delisting is skyrocketing. That means the houses that are remaining are more motivated to sell. This is why price cuts are picking up. This is not good for home values even if inventory is stable.

@seanoconnor8138 3 месяца назад

inventory isn't plateauing, inventory GROWTH is plateauing. it's kind of like how inflation can fall but prices don't fall. if inventory growth stays the same at 30% per year, that is still a massive increase every year. (the increase from june 2022 to june 2023 was only 8%!)

@user-up7wt9jc6v 3 месяца назад

on this June webinar can you please cover New York suberbs like Long Island please. Data here is strange.

@CaptainCaveman1170 3 месяца назад

Data is strange all over the place. Especially on Zillow, and in California. Zillow will claim a certain zip code has seen clear YOY appreciation, when a simple toggle from "for sale" to "sold in last 6 months" shows that homes have been selling for cheaper than what the neighborhood "looks like" if you base your opinion on just the for sale view. For example, a given neighborhood in Buena Park, everything that is listed is in the 9's but everything that sells is in the 8's. I can find lots of neighborhoods like that. But the data says no way, flat or up.

@Sonofawildanimal4241 3 месяца назад

HE SAID, "IF YOU ARE BETTING ON A CRASH OR EXPECTING A BIG FLOOD OF INVENTORY COMING... OR EVEN AN ACCELERATION OF INVENTORY COMING... I (HE) DOES NOT SEE IT IN THE DATA."

@meljohnson5926 3 месяца назад

Your associate, Logan Motashami, advised you over s year ago, that buyers aren't as sensitive to rates as you continually state. You should take that advice. And an economist you are not: apparently you believe that an increasing unemployment rate, decreasing hourly pay, rising inflation, decreasing worker particupation and productivity somehow translates into a "strong economy"? Boy are you going to be surprised this fall...

@threemonkeys5441 3 месяца назад

There are going to be a lot of realtors “in shock” when the truth comes out , after the election, about the way the economy is going

@threemonkeys5441 3 месяца назад

Rates are not going down anytime soon. Will not go down without a severe economic downturn

@semperapparatus987 3 месяца назад

Um, no he says SELLERS are not as tuned to rates. He does not believe in the "mortgage rate lockdown" theory on supply. He acknowledges that rates affect buyer demand, he has talked about "3 calendar years of great recession lows in sales volume" and he acknowledges that rates contributed to that.

@meljohnson5926 3 месяца назад

@@semperapparatus987 sellers don't buy homes, so of course they're not rate sensitive genius. Perhaps you should practice listening?

@craigrowe9084 3 месяца назад

What are you taking about? Every stat you name is the exact opposite of true.

@nonexistent5030 3 месяца назад

this cash flow I'm generating saving on housing costs by renting feels SO NICE! Feel bad for all the "proud homeowners" living buried in debt. Stay fiscally conservative out there ya'll! A home's true value is generally speaking no more than roughly 3x an area's median income :)

@jkim356 3 месяца назад

I bought a house in Nov-22 and our home value has increased $100K in the last 1.5 years, even after net of commission and closing costs, that would be equivalent to paying NOTHING to live in the house for the last 2 years.

@poonekar 3 месяца назад

Depends on when the home owners bought their home and what rate they locked. My guess is almost everyone who bought more than 5 years ago and refinanced in the 2s and 3s are making payments less than today’s rent, let alone the equity gains that could fund a large portion of their retirement.