Altos

Prediction: House Prices To Hold Up Into 2024

Posted on by TMN Editor
By KIMBERLEY HAAS Buyers waiting on the sidelines for home prices to drop may be out of luck this year. During a webinar on Thursday afternoon, Mike Simonsen, founder and president of Altos Research, said that by now it has been clear enough for long enough that even the most strident of bubble-bursters recognizes that the housing market has held up well despite gloomy predictions walking into 2023. Simonsen said the results have been surprising. “Very few of us forecast what was going to happen, and forecasts are always tricky, but the key is that those of us watching the data right now, and those of us on this webinar right now, are those who have been able to pay…

Research Provides Mixed Projections For Mortgage Market

Posted on by TMN Editor
By SCOTT KIMBLER It’s a mixed bag when it comes to predictions for the mortgage market as the economy continues to balance out after the pandemic. ATTOM recently held a conference where research performed by their company, Altos Research, and others were compiled to provide a more complete picture of what the remainder of 2023 may look like in terms of new home construction, home sales, and mortgage rates. Inflation, the job market, supply and demand, as well as the steady rising of rates by the Federal Reserve, along with other factors, were taken into account. Unlike some predictions of 2023 that paint a picture of a distraught housing market, this research shows the year as having mortgage challenges, but…