Latest Shifts in the Spring Housing Market
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- čas přidán 19. 08. 2024
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The market has been heating back up, but rising mortgage rates have spooked some buyers. What signals can we see in the data for the housing market this spring?
Watch the replay of our March 21, 2024 webinar with Altos President Mike Simonsen, who looks at the recent signals for the market's trajectory, gives an update on interest rates, and talks about what to expect when it comes to inventory and prices. He also dives into what's happening across the country in specific local markets.
Topics include:
- The latest signals for the spring market
- An update on home values, and where this is likely headed
- What rising inventory means for the market
- The impact of interest rates on the market
- How to talk to buyers and sellers about the data
… and more.
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.
Please like this video and subscribe to our channel if you want to see more videos like this.
You can also follow us on Twitter for more data analysis and insights:
/ altosresearch
/ mikesimonsen
See you next week!
#realestate #realestatemarket #housingmarket
Altos Research is now part of HW Media! Check out their channel at @HousingWire for more housing market insights.
I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who were forced to witness the 2008 financial crisis could expect to generate a large wage.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her.
Buyer on sideline. Could care less if rates fall. I’m waiting for prices to fall and normalize.
How long have you been waiting?
What happens If prices stay relatively flat for 5 to 10 years and that's how they normalize?
You’ll never own if you wait for prices to come down any reasonable amount
@@vaughnpeterson4634nothing wrong with that either. There are all kinds of better performing investments and renting offers some nice perks. Not locked in to an area, don’t need to fix things that break, and it’s much cheaper. Take that extra money we save and invest it. Houses have been flat for two years.
@@jasonsmith-9840 If prices stay flat for 10 years then they actually would be cheaper due to inflation/devaluation of the dollar. $600k today and $600k in 10 years is not the same amount of "value".
Here in Florida prices are crashing
Maybe in other parts of Florida but not in Jacksonville metro according to Altos’ data.
I’m on the sw coast of Florida! Jacksonville isn’t really Florida! Floridians call it South Georgia 🤣
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation❤
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
Very interesting conversation.
Thank you for posting real data and objectively describing it. There are countless people online misrepresenting data to drive views. This is refreshing.
If you think this is objective commentary I have some snake oil to sell you.
Keep renting..
Inventory is increasing in Florida then the West; prices are decreasing in Florida then Arizona.
"If rates fall it's much easier to buy a home." Pretty oversimplification. Not if rates are falling because the credit window is closing.
No one with knowledge of basic economic principles has expected mortgage rates to come down...
Oh, yo live in a world wherein interest rates are the sole force that creates/reduces home sales... that simply wasn't the case in the GFC, was it?
When the balance of supply and demand is disrupted, correct price fundamentals can become distorted. This distortion is caused not only by interest rates but also by excessive inventory and slower demand.
@@ThePrimecash A/K/A #demographics
wow no miami data.
If 70% cut probability holds for 6/12 meeting we are going right to 6.5. Or even if they signal it’s imminent. Still incredibly restrictive even after 3 projected cuts.