Navigate the dynamic changes in real estate, mortgage rates, and interest rates as Jason finishes up his interview with Mike Simonsen of #AltosResearch. Mike states that homebuyers adjust their expectations based on mortgage rates, currently stabili…
Navigate the dynamic changes in real estate, mortgage rates, and interest rates as Jason finishes up his interview with Mike Simonsen of #AltosResearch. Mike states that homebuyers adjust their expectations based on mortgage rates, currently stabilized at 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
0:00 Housing inventory is still very low
2:48 Join our Empowered Investor Pro FREE monthly Zoom meetings JasonHartman.com/Wednesday
Mike Simonsen interview Part 2
3:28 Overall housing inventory
5:30 How many sellers/listings each week
7:52 Adjusting data per capita
10:12 Sales rate
12:55 The number of sales versus the number of pending sales
16:23 Cutting home prices
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