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The real estate market finished 2024 with stable prices in spite of rising inventory. What signals can we already see in the data for 2025?
Watch the replay of our January 23rd webinar with Altos President Mike Simonsen, who'll look at the early signals for the market's trajectory in the coming year. He’ll give an update on interest rates and talk about what to expect when it comes to inventory, home sales, and prices. He'll also dive into what's happening across the country in specific local markets.
Topics include:
How 2024 closed out, and where the market stands right now
Which key market indicators we're watching for early 2025, and what the data is already telling us
An update on home prices, sales, and inventory, and where these are likely headed
What December's higher interest rates mean for the market
How to talk to buyers and sellers about the data right now
… and more.
0:00 January market introduction
2:45 HousingWire Housing Economic Summit
3:51 Mortgage rates over the years
7:36 Home sales are down 10% in January
10:30 Purchase mortgage applications
11:09 Inventory
13:56 New listings
16:17 Inventory gains per state
19:40 Which states have more inventory than 2019?
21:38 2025 inventory forecast
23:47 Newly pending home sales
25:11 Total pending home sales January 2025
26:42 Home price gains January 2025
29:25 Median home price January 2025
31:49 Home price gains per state
34:51 Price reductions
40:26 Local markets, Buffalo, Miami, Las Vegas, San Antonio
Altos Research is the premier resource for real-time real estate data. We provide weekly market statistics, analysis and reporting for 99% of the zip codes in the U.S., helping real estate professionals, investors, financial institutions, and their clients make better-informed decisions.
Featuring Mike Simonsen, President of Altos Research
A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. Altos provides national and local real estate data to financial institutions, real estate professionals, and investors across the country, and the company is now part of HW Media, publisher of HousingWire and RealTrends. Mike uses Altos data to identify trends in the real estate market well before the headlines, and his work has been featured in the New York Times, The Atlantic, Fortune, Forbes and other publications.
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See you next week!
#realestate #realestatemarket #housingmarket
Altos Research is now part of HW Media! Check out their channel at @HousingWire for more housing market insights.