Today we welcome Mike Simonsen of Altos Research back to the Roaring Agents Podcast!
Altos was founded in 2006 by Mike Simonsen, a real estate analytics pioneer whose insights are regularly cited in national media such as Forbes, New York Times, Bloomberg BusinessWeek and the Wall Street Journal. Over the past 15 years, Altos has helped thousands of real estate professionals and many of the largest financial institutions in the world build their businesses through better understanding of the real estate market.
01:00 Insight into Housing Inventory
04:15 – When inventory peaks
06:30 – 2020 was the only year that didn’t have normal seasonality
08:50 – How Altos Research models how the future will play out
12:40 – How uncertainty plays into the market
14:30 – Interest rates insights and The FED
18:40 – Difficulty predicting the market (OpenDoor, Zillow, iBuyers)
21:25 – How could we get back to “normal’ inventory
28:11 – Airbnb’s impact on inventory
33:00 – Great Migration impact and settling
39:00 – Is the average home price or the median home price better to track?
41:30 – The value of tracking immediate sales numbers
45:40 – National inventory vs Portland
48:00 – What numbers should agents track to serve their clients?
