Jason finishes up his interview with Mike Simonsen of Altos Research stating that homebuyers adjust their expectations based on mortgage rates, currently stabilized 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
1:34 Housing inventory is still very low
4:26 Join our Empowered Investor Pro FREE monthly Zoom meetings JasonHartman.com/Wednesday
Mike Simonsen interview Part 2
5:11 Overall housing inventory
7:03 How many sellers/listings each week
9:15 Adjusting data per capita
11:24 Sales rate
13:55 The number of sales versus the number if pending sales
17:08 Cutting home prices
21:27 Blog post: An Assessment on How Infrastructure Construction Affects Estate Costs The Integral Analysis
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