Should you buy or sell your house in 2024? Find out now! Mike Simonsen #altosresearch - Video

#useconomy #usrecession #ushousingmarket

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/

#useconomy #usrecession #ushousingmarket #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 

Learn about real estate trends, mortgage rates, and interest rates to protect your investments.
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