When Will Home Sales Pick Back Up?

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Buyer demand continues to be soft, in spite of falling interest rates, and many sellers are biding their time until the market recovers. When should we expect transactions volume to pick back up?
Watch the replay of our October 10th with Altos President Mike Simonsen, who'll share all the latest data on the fast-changing housing market. He’ll touch on what’s happening with mortgage rates, discuss which signals he's watching for market momentum, and look at other leading indicators that tell us what to expect for the rest of the year. He'll also dive into the latest data for local markets across the country.
Topics will include:
What to expect with home prices in Q4
An update on inventory, and where this is likely headed
Which leading indicators to watch for the rest of the year
How mortgage rates are impacting demand
How to talk to buyers and sellers about the data right now
… and more.
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.
Please like this video and subscribe to our channel if you want to see more videos like this.
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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.

[@mr.bigsquid8422]

Folks that didn’t buy aren’t going to until prices drop 25-50%. There’s a reason they didn’t buy, they’re more conservative so they want a deal. Young people could never afford a home $400k at 5% interest. Would be a decade before they have money to even think about it.

[@shanerogers9386]

when the market fully corrects to the prices before the speculation took over

[@jeffersonjohns6397]

I appreciate your optimism, but those positive headlines are often misleading, aimed at deceiving consumers. This has become a common trend. Additionally, the daily passing of baby boomers will naturally increase available inventory.

[@nonexistent5030]

Depends on immigration policy. Which seems to be reverting.

[@peaslead]

When sellers get realistic and start dropping prices. Pretty easy.

[@JohnDoep]

Right?! The mental gymnastics from agents and sellers is fascinating. It’s like they have analyzed every nook and cranny of the RE market and are open to myriad of possible outcomes EXCEPT the only one that matters to buyers …. PRICES! Until prices drop significantly buyers will continue to be on strike and agents/sellers will be “stumped” on why no one is buying there grossly overpriced homes.

[@mslindqu]

This

[@realTLC]

I can't. We're selling because we have to sell (unforseen life circumstances), but we bought only just last year. Not trying to make money. Just trying to not lose too much money. Sellers like me are human too.

[@peaslead]

@@realTLCi feel for you, it just is what it is.

[@dirkdirkenson1941]

@@realTLCsomebody gotta lose, thats life

[@kt6332]

Thank you for taking the time to update and keep us informed 😊

[@Zooooman]

renting just makes more sense

[@nonexistent5030]

Absolutely love this cash flow going towards the treasure pile and not being bound to the chains of debt.

[@jonathantaylor6926]

400K borrowed at 2.75% vs 6.5% is a $900 per month. Sales volumes aren't going to recover for years. Who wants to move and take a $900 post tax pay cut? And many people have a lot more than 400K financed in many markets.

[@House_hacker_619]

Of course demand is slow because It’s “seasonality”. Nothing new here. I’d say around March demand will pick up.

[@agentcrypto7741]

Inventory in SD up 43% yoy 😂

[@House_hacker_619]

@@agentcrypto7741 and price is up 8.6% year over year. 😂

[@ebutuoy5088]

​@agentcrypto7741 lol you're still broke and trying to buy a house? Lol no crash for you

[@nonexistent5030]

It's going to be a lonnnng winter.

[@MikeCalloway]

Remember in August when he said inventory will peak?

[@piRatCaptain]

Lol. After the recession

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Welcome to the new normal folks 😏

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