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Podcast: Tech Nest: The Proptech Podcast
Episode: Busting Real Estate Data Myths with Mike Simonsen, President of Altos Research
Description: Mike Simonsen, President of Altos Research, joins Tech Nest today to discuss real estate data and some of the myths around mortgage rate lock-ins. Altos Research offers local and national real estate data to financial institutions, real estate pros, and investors. Simonsen reveals that the lock-in effect started in 2014, not 2022, due to falling mortgage rates making homeowners hesitant to sell. He highlights the importance of viewing data from various angles and explains how Altos Research tracks the active market, focusing on pricing, inventory, and trends. Altos Research just recently announced a new product feature, adding...