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Podcast: Creating Wealth Real Estate Investing with Jason Hartman
Episode: 2153: Behind the Numbers: Decoding Real Estate Trends with Mike Simonsen, Altos Research Part 2
Description: 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. ...