The Market Impact of Rising Inventory
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- Опубликовано: 11 сен 2024
- Guide to Market Data: bit.ly/altos-e...
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Inventory continues to climb - how will that impact sales, pricing, and the market's overall growth this year?
Watch the replay of our June 20th webinar with Altos President Mike Simonsen, who'll share all the latest data on the fast-changing housing market. He’ll discuss the trend of rising inventory, dive into the effects of sustained high mortgage rates, look at what’s happening with pending sales, and flag several other leading indicators to watch for the rest of the year. He'll also review the latest data for local markets across the country.
Topics will include:
- An update on inventory, and where this is likely headed
- How mortgage rate fluctuations are shaping the market
- What to expect with home prices
- Where the latest pending sales data is pointing
- How to talk to buyers and sellers about the data right now
… 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
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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.
Today's analysis is literally an example of what it means to be clobbered with value. So much useful information and all so clearly explained.
Gratitude.
Inventory is growing fast and prices are coming down. This is very optimistic! When prices come down people don't have to spend so much of their monthly income on a house payment. This means more money to spend on other things which is good for people and the economy.
In my area I’m seeing new listings of homes bought in 2020 . I guess those buyers are having buyers remorse.
I’m seeing that but for properties bought a little later 21’ +
I just laugh. It shows pending then final sales price is 50k over and they try to sell now at ATH just to break even.
Selling to buy gold and play the demise of the U.S. dollar.
Amazing to see the 2017, 2018, 2019 inventory data vs. today because NOBODY is showing it this way! Thank you !
In Miami there’s a ton of luxury homes and condominiums on the water sold. Home sale outside of the city within the county at more “affordable prices” have been stagnant at best.
Real estate is changing rapidly. They try so hard to not use the word crash . Ever
16:45 - 17:00 perfect summary of your comment.
I don't see the downturn picking up steam until the recession hits and unemployment rises rapidly.
I think a lot of these pandemic boomtowns, and most of FL, the market is going to depend on investment.
In the case of FL, will the investors still want to deal with the crushing insurance and taxes?
I don’t think they are going to see the influx of retirees until something down there breaks.
Are these data points sourced from RMLS or an aggregate? Agents are being shady on price cuts outside of RMLS, particularly Zillow.
ty for doing miami
People should be asking why mortgage rates would fall, especially against the backdrop of a tight market in a questionable economy. Fed will drop rates only if they sniff out max pain or unemployment. In either scenario, that is not bullish housing. If anything, mortgage rates lowering will increase liquidity for SELLERS, not buyers. I do not believe the demand side of the equation will outweigh the supply side if rates ease a bit from here.
They're not gonna fall. In fact they should have never been that low to begin with, 5% imo is too low. The banks make nothing investing in bonds, and when the fed tightens they are worth nothing.
Market is "trying" to "grow"
Not doing a very good job...
Feels so good living below my means without leverage!
It's a way of life few understand.
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How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards
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Wow. So in my market prices will almost certainly be going down
Real estate is doomed
Like what happen in 2008, which had 5x @4 million homes more inventory vs now, and a median price home cost 100% more now?
Not really.
Tell me you don’t understand RE without telling me you don’t understand RE.
you watched 52 mins of video and that’s what you got out of it? Maybe try using subtitles
Here’s everything in nutshell. The feds will be forced to monetize debt meaning they will inflate assets by destroying your dollars. So ppl will naturally hide in assets ..the question is what is the fastest horse in the asset inflation race not either you should or shouldn’t be in cash
Zillow estimate on my house was $167,200 until 2/3 weeks ago before suddenly jumping to $222,000. Now it's $227,100.
When the buyers figure it out prices will have doubled and tripled then they'll be no inventory just like now.
Rates are not going to stay higher for longer in 2025.
This guy doesnt even read his own data correctly