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See Local Data: https://altosresearch.com
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.
In this video, Altos CEO Mike Simonsen looks at the supply and demand signals for the market over the coming months, and talks about what to expect when it comes to inventory and prices in early 2022.
What’s In This Video:
00:00 Housing market trends overview
05:45 Update on median home price & forecast for 2022
08:57 Update on inventory & forecast for 2022
14:05 Impact of forbearance on the market
19:07 Update on mortgage delinquency rate
21:07 Update on interest rates
23:18 What immediate sales tell us about demand
25:16 What’s happening with homes taking price reductions
28:59 What we’re seeing in terms of price increases
30:53 Why we watch relistings for signs of market cooling
33:08 Days on Market is climbing – what this means
34:02 Altos Market Action Index: A quick snapshot of the market
36:22 The high end of the market may look different than the low end
40:40 Deep dive into local data (good tutorial on how to use Altos reports!)
48:18 Want to see your local market data? Visit https://altosresearch.com
Featuring Mike Simonsen, CEO 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.
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See you next week!
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