In this episode of the Top of Mind podcast, Mike Simonsen sits down with Logan Mohtashami, lead analyst at Housingwire, to talk about the big economic trends impacting the housing market. Logan does a deep dive on inventory challenges, offers his take on what to expect with mortgage rates, and shares what buyers and sellers are thinking right now. He also gives his predictions for where the market is headed in the coming months. About Logan Mohtashami Logan Mohtashami is a housing data analyst, financial writer, and blogger covering the U.S. economy specializing in the housing market. He is also a Lead Analyst for HousingWire. Logan has been an invited speaker to many conferences and is a frequent guest on CNBC. Logan has been called a social media star by National Mortgage News and “the chart guy.” His astute analysis of economic data and years of direct lending experience allows him to present a unique, informed, and unbiased perspective on the financial markets. Here’s a glimpse of what you’ll learn:  What we learned from the 2022 collapse in housing demand, and why home prices didn’t collapseWhy the millennial demographic cycle still drives everything in housingThe one factor that’s more important than mortgage rates when calculating housing demandThe range to expect for mortgage rates over the next yearWhy home prices look like they’ll climb again in 2024When inventory will finally rise, and which new economic variables might add to inventoryWhy he rejects the mortgage-rate-lock-in hypothesisLong-term trends buyers and sellers should be thinking aboutPredictions for where the market is headed Resources mentioned in this episode: Logan Mohtashami on LinkedInLogan on TwitterHousingWireHousingWire DailyMike Simonsen on LinkedInAltos Research 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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Follow us on Twitter for more data analysis and insights: Altos on TwitterMike on Twitter

Welcome to How’s the Market, our weekly look at what’s happening in the US housing market, powered by data from Altos Research. If you want to see all the inventory, pricing, and supply and demand charts we reference in the show, head on over to our YouTube channel at https://youtube.com/altosresearch. Enjoy the data! Hosted by 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.

Welcome to How’s the Market, our weekly look at what’s happening in the US housing market, powered by data from Altos Research.   If you want to see all the inventory, pricing, and supply and demand charts we reference in the show, head on over to our YouTube channel at https://youtube.com/altosresearch.   Enjoy the data!   Hosted by 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.

Welcome to How’s the Market, our weekly look at what’s happening in the US housing market, powered by data from Altos Research. If you want to see all the inventory, pricing, and supply and demand charts we reference in the show, head on over to our YouTube channel at https://youtube.com/altosresearch. Enjoy the data! Hosted by 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.

Welcome to How’s the Market, our weekly look at what’s happening in the US housing market, powered by data from Altos Research. If you want to see all the inventory, pricing, and supply and demand charts we reference in the show https://youtube.com/altosresearch. Enjoy the data! Hosted by 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. Learn more at https://altosresearch.com.

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Dave Meyer, VP of Data & Analytics at BiggerPockets, to talk about what’s working for real estate investors right now. Dave discusses why flipping still works even as the market slows, why he thinks prices on bigger multifamily buildings have more room to drop, and what new investors should be thinking about. He also talks about which local markets look the healthiest in 2023. About Dave Meyer Dave Meyer is the VP of Data & Analytics at BiggerPockets, host of "On the Market" Podcast and long time real estate investor. BiggerPockets is the leading media network and community of 2.5 million members in the real estate investing space. The platform provides invaluable education, effective tools and a robust community for real estate investors worldwide. BiggerPockets podcasts are built to empower individuals through real estate investing, financial literacy, entrepreneurship, and more, with over 150 million all-time downloads and the #1 podcast in Real Estate. BiggerPockets podcast business includes “The Real Estate Show,” “BiggerPockets Money,” “On the Market,” “The Real Estate Rookie” and “InvestHER” shows. The company launched Wealth Magazine, a successful YouTube channel and has quickly become a powerhouse book publisher with over 2 million books sold and titles that range from “Investing in Real Estate with No (and Low) Money Down” and “Buy, Rehab, Rent, Refinance, Repeat.” Here’s a glimpse of what you’ll learn:  What’s working for real estate investors right nowWhat is “House Hacking” and why is it so importantWhy flipping still works even as the market slowsHow to view current cap rates and what that means for investors in 2023Which investors are winning in this marketWhether there’s an “AirBnBust” comingWhat happens to new investors in a recessionWhy the big surge in multifamily construction is a blip — not a trendWhich local markets look the healthiest Resources mentioned in this episode: Dave Meyer on LinkedInBiggerPocketsBiggerPockets on TwitterMike Simonsen on LinkedInAltos Research 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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Follow us on Twitter for more data analysis and insights: Altos on TwitterMike on Twitter

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Gary Beasley, CEO and co-founder of Roofstock, to talk about today’s biggest trends and opportunities in real estate investing. Gary shares his experience leading two fast-growing real estate technology companies through IPOs, offers a deep-dive into what’s happening with institutional real estate investors right now, and talks about what to expect with mortgage rates, inflation and recession for the coming year. He also tells us why he continues to be bullish on housing for the foreseeable future. About Gary Beasley Gary is the driving force behind Roofstock's goal to power the future of real estate investing. Gary brings a valuable perspective on using technology to disrupt incumbents through his deep industry expertise leading various real estate, hospitality, and tech companies. Gary has a proven track record of starting and launching successful companies, having led two companies through IPOs: ZipRealty as CFO and Starwood Waypoint Residential Trust (now a part of Invitation Homes, the largest single-family rental home REIT in the United States) as co-CEO. In addition, Gary was instrumental in acquiring and integrating more than $800 million of resort properties for KSL Resorts and also served as CEO of Joie De Vivre Hospitality, then the second-largest boutique hotel management company in the United States. Gary was named a 2019 Top 50 Fintech CEO by Financial Technology Report and HousingWire's 2018 HW Vanguard. He earned his BA in Economics from Northwestern and holds an MBA from Stanford, where he regularly participates as a guest speaker. Here’s a glimpse of what you’ll learn:  Gary Beasley on LinkedInRoofstockMike Simonsen on LinkedInAltos Research 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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Follow us on Twitter for more data analysis and insights: Altos on TwitterMike on Twitter

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Taylor Marr, deputy chief economist at Redfin, to talk about the big trends shaping today’s housing market. Taylor shares some unique (and surprising) insights from Redfin data, talks about where he sees mortgage rates and home prices going this year, and busts some common myths about housing affordability. He also tells us why uncertainty is the biggest risk this year rather than recession or inflation. 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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. About Taylor Marr Taylor Marr is the deputy chief economist on the research team at Redfin. He is passionate about housing and urban policy and an advocate for increased mobility and affordability. He laid the framework for Redfin’s migration data and reports and diligently tracks the housing market and economy. Before Redfin, Taylor built financial market index funds for Vanguard at the University of Chicago. Taylor went to graduate school for international economics in Berlin, where he focused on behavioral causes of the global housing bubble and subsequent policy responses. Taylor’s research has been featured in the New York Times, the Wall Street Journal, and The Economist. He was also recently the President of the Seattle Economics Council and collaborates frequently with the Fed, HUD, and the Census Bureau. Here’s a glimpse of what you’ll learn:  The biggest housing market trends coming out of the pandemicWhich unique insights we can get from Redfin user and agent dataWhere he sees mortgage rates this year and the threshold for consumers to buyWhat’s happening with affordability, and what the media gets wrong about itHow to look at price reductions as a predictive toolWhere Redfin sees home prices going in 2023Why uncertainty is the biggest risk this year rather than recession or inflation Resources mentioned in this episode: Taylor Marr on LinkedInRedfinMike Simonsen on LinkedInAltos Research Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch https://twitter.com/mikesimonsen

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Lisa Sturtevant, Chief Economist for Bright MLS, to talk about the big trends shaping the housing market in 2023 and beyond. Lisa looks at how housing preferences have changed across generations, provides insights into current demographic trends, gives her take on what’s working (and what’s not) with public policy, and outlines her expectations for inflation, recession and more. She also shares a few optimistic signs for affordability this year and offers some helpful advice for potential buyers. About Lisa Sturtevant Dr. Lisa Sturtevant has been involved in research on economic, demographic, and housing market issues for more than 20 years. She currently serves as Chief Economist with Bright MLS, one of the largest multiple listing services in the country, serving over 100,000 subscribers across 6 states and the District of Columbia. In her role, she leads research and forecast activities for Bright, serving as a thought leader on the housing market. Prior to her position at Bright MLS, Dr. Sturtevant was Chief Economist with Virginia REALTORS ® . She was founder and president of LSA Planning, a housing consulting firm, and has served in other research capacities at non-profit organizations and universities. Dr. Sturtevant completed her PhD in public policy from George Mason University, a master’s degree in public policy from the University of Maryland, and a BS in mathematical economics from Wake Forest University. Here’s a glimpse of what you’ll learn:  How housing preferences have changed across generations, and why that mattersWhat we should know about millennials and new immigrants, including where they’re buying and implications for future housing needsThe latest trends for Zoom Towns and first-tier suburban home demandWhat public policy gets wrong about planning for affordabilityWhy she sees some optimistic signs for affordability this year, and where longer-term opportunities lieHow housing decisions get made at the local levelWhich areas are having success with zoning and construction policyWhy 2023 looks like a “touch-and-go” economy rather than a “soft landing”Her expectations for inflation and recessionHer advice to potential buyers right now Resources mentioned in this episode: Lisa Sturtevant on LinkedInBright MLSMike Simonsen on LinkedInAltos Research 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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch https://twitter.com/mikesimonsen

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Ines Hegedus-Garcia, the current Chair of the Miami Association of Realtors, to talk about the dynamics behind Miami’s thriving real estate market. Ines shares her perspectives on why the Miami market has stayed strong through recent economic turmoil, looks at the opportunities and risks for the market, and discusses industry insights from her leadership roles in Miami’s 60,000+ member real estate association. She also gives us her take on the region’s distinctive architecture and what design and technology trends to watch. About Ines Hegedus-Garcia Ines Hegedus-Garcia is a REALTOR from Miami and Executive Vice President at Avanti Way Realty. Ines is at the forefront of the property technology industry due to her industry leadership and hands-on approach to technology adoption. She is the current Chairman of the Miami Association of Realtors and was the 2019 residential president. She is also a Director of Florida REALTORS, as well as a Director of the National Association of REALTORS. She chaired the 2020 Emerging Technology Committee and 2022 Communications Committee at Florida Realtors and is The Vice Chair of The Board Leadership Forum. Ines is also the chair of NAR’s Federal Technology Committee and sits on the board of directors of Second Century Ventures. The National Association of REALTORS identified her as a leader in forward thinking real estate ideas. Today she is invited to participate in conferences around the world to educate others about the power of new media and Ines’ participation in leadership, as well as the early adoption of social networks have earned her recognition and respect among her colleagues and clients. An architect by training with a passion for out-of-the box thinking, she’s also a Miami architecture + historic properties expert, and her Miami architecture and history articles are read by thousands each month on Miamism.com. Here’s a glimpse of what you’ll learn:  Why Miami real estate is still thriving, and why this year’s market changes have been positive for buyers and sellers in South FloridaInsights into the international political and financial dynamics that drive Miami real estateOpportunities and risk around the booming construction market, including some surprising new approaches to meeting rental demandWhich exciting architects in Miami to pay attention to, which buildings in Miami are her favorites, and why Which technology and policy changes to note for Miami’s climate change risksHer perspectives on running one of the largest realtor associations in the country, with over 60,000 members How she uses market reports on the popular Miamism blog to engage readers. 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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Resources mentioned in this episode: Ines Hegedus-Garcia on LinkedInInes Hegedus-Garcia on InstagramMiamismAvanti Way RealtyMike Simonsen on LinkedInAltos Research Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch https://twitter.com/mikesimonsen See you next week!

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Selma Hepp, Chief Economist at CoreLogic, to get her take on what’s happening in the housing economy. Selma shares her views on inflation vs. recession risk, talks about how climate change and geopolitical dynamics are impacting the housing market, and looks at which drivers will finally help increase inventory for home buyers. She also highlights what surprised her about the economy in 2022, and what to watch for this year. About Selma Hepp Selma Hepp is the Chief Economist for CoreLogic, America’s largest provider of advanced property and ownership information, analytics and data-enabled services. Selma leads the economics team, which is responsible for analyzing, interpreting and forecasting housing and economic trends in real estate, mortgage and insurance. Prior to joining CoreLogic in 2020, Selma was Chief Economist and Vice President of Business Intelligence for Pacific Union International, later acquired by Compass, where she oversaw the vital economic and technology intelligence to drive the expanding brokerage’s success. Selma also held the role of Chief Economist for Trulia; Senior Economist for the California Association of Realtors; and Economist and Manager for Public Policy and Homeownership research for the National Association of Realtors, as well as a special research assistant at the U.S. Department of Housing and Urban Development. Selma frequently appears on local and national radio and television programs and has been widely quoted in The Wall Street Journal, The New York Times and many industry trade publications such as National Mortgage News and HousingWire. Selma received the HousingWire Women of Influence Award in 2022. She has served as president of the Los Angeles chapter of the National Association for Business Economics (NABE), NABE Real Estate Roundtable co-chair, Board member of the International Student Exchange Program, Advisory Board member of the REALTOR® University Research Center Editorial Review and a Member of the Housing Policy Debate Editorial Advisory Board. Selma held a Real Estate Associate professional license in Florida and Virginia. Selma graduated from the State University of New York, Buffalo with an M.A. in Economics and holds a Ph.D. from the University of Maryland. Here’s a glimpse of what you’ll learn:  Why inflation is a bigger risk to the housing market than recession isWhat’s happening with first-time homebuyersWhy the Ukraine war creates risk in the US housing marketClimate change and CoreLogic’s new climate risk platformWhich drivers will finally help increase inventory for home buyersHow small investors increasing market share over big institutional moneyWhether vacant offices can be converted into affordable housing? 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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Resources mentioned in this episode: Selma Hepp on LinkedInSelma Hepp on TwitterCoreLogicCoreLogic Office of the Chief EconomistMike Simonsen on LinkedInAltos Research Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch https://twitter.com/mikesimonsen See you next week!

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Nick Bunker, Director of North American Economic Research at Indeed, for a deep dive into the employment trends that are driving today’s housing market. Nick offers his take on how the strong labor market may mitigate recession risk, what’s happening with wage growth and what this means for housing affordability, and how we know remote work is here to stay. He also gives us a behind-the-scenes look at the data Indeed uses to see trends before they hit the headlines. About Nick Bunker Nick Bunker is the Director of North American Economic Research at Indeed. He’s a labor economist with extensive experience discovering insights into economic data and communicating them to a variety of audiences. He’s also a widely-cited labor market commentator whose analysis has been used by The Wall Street Journal, The New York Times, NPR, NBC, CBS, and others. Here’s a glimpse of what you’ll learn:  Whether today’s strong labor market will help us escape a recessionWhich specific signals to watch to know if we’re going to avoid a recessionWhat Indeed data tells us before the rest of the economic headlinesWhat’s happening with wage growth, what to expect, and why this mattersWhy tech layoffs aren’t necessarily a leading indicator for the broader economyWhat recent wage growth means for housing affordabilityHow we know remote work is here to stay and what that means for housing 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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Resources mentioned in this episode: Nick Bunker on LinkedInNick Bunker on TwitterIndeedIndeed Hiring LabIndeed Hiring Lab’s Real-Time Job Posting DataMike Simonsen on LinkedInAltos Research Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch https://twitter.com/mikesimonsen See you next week!

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Dr. Orphe Divounguy, Senior Economist with Zillow's Economic Research team, to talk about what’s on the horizon for the housing market this year. Dr. Divounguy shares the latest findings from Zillow’s monthly market report, reveals which markets dominated Zillow’s “hot markets” list, and offers his perspective on recession risk, construction trends, and more. He also explains why a debt ceiling showdown in Congress could slam the brakes on the housing market. About Dr. Orphe Divounguy Dr. Orphe Divounguy is a Senior Economist with Zillow's Economic Research team. His columns have appeared in The Wall Street Journal, CNN Business, USA Today, the Chicago Tribune, Crain’s Chicago Business, and other major publications. Dr. Divounguy is also a frequent television and radio guest with appearances on CBS, ABC, Fox, and other stations across the nation. The team’s research can be found at https://zillow.com/research and includes analyses about for-sale and rental market dynamics, fair housing, and other topics. Zillow also provides dozens of housing market datasets freely available for download at https://zillow.com/data. Here’s a glimpse of what you’ll learn:  The latest findings from Zillow’s monthly market reportWhy affordability will make or break the housing market this yearWhich markets dominate Zillow’s “hot markets” list and whyOrphe’s frameworks for understanding recession risk and construction trendsWhy homes in risky climate areas might actually increase in price in the futureOne surprising risk that might spike mortgage rates this spring 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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Resources mentioned in this episode: Dr. Orphe Divounguy on LinkedInDr. Orphe Divounguy on TwitterZillowZillow Research“Mortgage Rates Fall as New Data Backs up Falling Inflation, but Debt Fight Could Roil Market”Mike Simonsen on LinkedInAltos Research Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch https://twitter.com/mikesimonsen See you next week!

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Clayton Collins, Founder and CEO of HW Media, to talk about the big trends shaping the 2023 real estate and mortgage markets. Clayton offers his vision for how real estate professionals can better access information, shares the inside scoop on what mortgage executives are preparing for in 2023, and tees up the key tech trends coming this year. He also explains why he’s optimistic for the second half of the year. About Clayton Collins Clayton Collins is the Founder and CEO of HW Media. He leads HW Media’s corporate strategy and content roadmap while building a world-class team of business media professionals. He is also the Managing Partner of Riomar Capital, an entrepreneurial investment firm that acquired HousingWire in 2016. Prior to founding Riomar Capital, Clayton worked at RBC Capital Markets in the mergers and acquisitions group and served as Vice President of National Sales and Marketing at Citibank. Clayton holds a degree in business administration from Elon University and completed his MBA at The Fuqua School of Business at Duke University. Here’s a glimpse of what you’ll learn: Clayton Collins’ vision for how to get real estate professionals better access to informationWhat the mortgage executives are saying about 2023Why an economic recession could be *good* for housingWhat opportunities Clayton sees for first-time home buyers in this marketThe surprising gap between mortgage company headcount and transaction volumeThe most important mortgage technology innovations to pay attention toWhether single-family rental investors might exacerbate or mitigate this housing recessionWhy Clayton’s optimistic for the second half of 2023 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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Resources mentioned in this episode: Clayton Collins on LinkedIn | Twitter | InstagramHW MediaHousing News podcast“How the Fed Is Reshaping America” with Nick TimiraosMike Simonsen on LinkedInAltos Research Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch https://twitter.com/mikesimonsen See you next week!

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Mark Fleming, Chief Economist for First American Financial Corporation, to talk about the major market dynamics that will shape the real estate market in 2023. Mark discusses which economic factors may impact 2023, shares his take on inflation, mortgage rates, and the likelihood of recession, and talks about which leading indicators he’s watching for market shifts. He also provides some insights on affordability and home-buying power. About Mark Fleming Mark Fleming serves as the Chief Economist for First American Financial Corporation, a premier provider of title, settlement, and risk solutions for real estate transactions and the leader in the digital transformation of its industry. In this role, he leads an economics team responsible for analysis, commentary, and forecasting trends in the real estate and mortgage markets. Mark's research expertise primarily includes real estate and urban economics, applied econometrics, and mortgage risk. As a trusted and influential voice with 20 years of experience in the mortgage and property information business, Mark is frequently quoted by national news outlets and industry trade publications, such as The Wall Street Journal, The New York Times, and HousingWire, and he is a regular guest on high-profile broadcast news channels, including CBS, CNBC, Fox Business News, and NPR. Here’s a glimpse of what you’ll learn:  Which economic factors may impact 2023, and two of the leading indicators Mark Fleming’s watchingWhether we should expect a recession in 2023How to analyze the inflation data (and why service sector inflation is key)Why rates might rise from hereWhy looking at when home prices will fall may be more important than by how muchWhat the First American Real Home Price Index tells us about buying power Why lower available inventory of homes is the new normalWhat’s likely to happen with the shortage of housing in the USWhy affordability has improved so much over the decade, and how much affordability the pandemic boom “gave back”Mark’s long-term view for residential real estate in the US 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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Resources mentioned in this episode: Mark Fleming on LinkedInMark Fleming on TwitterFirst American Financial CorporationMark Fleming | First American Financial CorporationFirst American Real House Price IndexThe REconomy PodcastMike Simonsen on LinkedInAltos Research Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch https://twitter.com/mikesimonsen See you next week!

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Rick Palacios Jr., Director of Research and a Managing Principal at John Burns Real Estate Consulting, to talk about what to expect in the real estate market in 2023. Rick discusses the company’s latest research on homebuilder sentiment, shares their latest forecast for home prices and the economy, and talks about some secret signals to watch for changes in the market. About Rick Palacios Jr. Rick Palacios Jr. is the Director of Research and a Managing Principal at John Burns Real Estate Consulting, where he oversees all research pertaining to the US economy, for-sale housing, and rental markets. Rick has 15 years of experience in residential real estate and economic research, originally joining John Burns Real Estate Consulting in 2006 and then rejoining the company in 2014 after working as a home builder Equity Research Associate at Morgan Stanley in New York. He has also worked as an Analyst at the Milken Institute, an economic think tank. Rick holds a BA from the University of California, Irvine, and an MS in real estate economics and finance from the London School of Economics. Here’s a glimpse of what you’ll learn:  Why new home construction might accelerate the housing market slumpHow much home prices are likely to decline in the next two yearsThe leading indicators (and secret signals!) to watch for changes in the marketWhat’s happening with the second home market nowThe surprising impact of ARMs in this cycle Featuring Mike Simonsen, CEO 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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Resources mentioned in this episode: Rick Palacios Jr. on LinkedInRick Palacios Jr. on TwitterJohn Burns Real Estate ConsultingJohn Burns Real Estate Consulting on TwitterOdd Lots PodcastMike Simonsen on LinkedInAltos Research Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch https://twitter.com/mikesimonsen See you next week!

In this episode of the Top of Mind Podcast, Mike Simonsen sits down with Charles McKinney, Co-founder and CEO of Vontive, to talk about the landscape for real estate investors in this volatile market. Vontive sees loan data from thousands of real estate investors, which gives them unique and real-time insight into how investors act in this market. Charles gives his outlook for real estate investment in 2023 and beyond, discusses some of the risks and opportunities for investors in the current market, and highlights technology trends he’s excited about. He also shares some eye-opening findings about investor sentiment from Vontive’s recent nationwide housing and economic survey. About Charles McKinney Charles McKinney is the Co-founder and CEO of Vontive, a new digital way to finance investment properties, with a white-label solution that empowers any business serving real estate investors to launch its own investment-property mortgage business in 1-2 weeks. Charles is a real estate and mortgage analytics pioneer. He started his work with Freddie Mac, led analytics at the real estate investor portal Auction.com, and is a pretty prolific real estate investor in his own right. Here’s a glimpse of what you’ll learn:  Whether investors are optimistic or pessimistic about real estate in 2023What happens to real estate investor business models when the Fed’s policy shifts from easy money to tighter policyWhat the future looks like for small real estate investors as big Wall Street money is gaining market shareHow landlords are getting creative with rental business models, and how business models may have to shift in the future with more expensive capitalTrends in short-term rentals and other innovations in real estateHow technology innovations remove cost and friction from loan transactions Featuring Mike Simonsen, CEO 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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Resources mentioned in this episode: Charles McKinney on LinkedInVontiveRebuiltKen Corsini HGTVRed Capital LendingCertain LendingMike Simonsen on LinkedInAltos Research Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch https://twitter.com/mikesimonsen See you next week!

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Clark Woodward, Founder and CEO of RedZone, to discuss how wildfire and other climate risks are creating new existential challenges for the housing market. Clark talks about the changing landscape for disaster insurance, shares how homeowners should think about climate risk in the coming decades, and offers hope for the future through new technology and policy innovations. About Clark Woodwards  Clark Woodward is the Founder and CEO of RedZone, the leading expert on wildfire analytics and the impact of wildfires on homes and businesses. RedZone aggregates natural disaster response data and provides a platform for companies to easily understand and develop the appropriate response to protect their assets. Clark is a firefighter, a data scientist, and an entrepreneur, so he has the perfect combination of expertise to tackle this incredibly important and timely issue. Here’s a glimpse of what you’ll learn:  How homeowners should think about climate risk in the coming decadesWhich elements of climate change are most impactful to wildfiresHow insurance is changing with regards to disasters and climate changeWhy it’s so hard to properly promote forest healthThe latest data science innovations for predicting wildfire probabilitiesThe most promising technologies for preventing home damage and lossHow new building standards and technologies implemented in Florida made a difference in mitigating damage and loss from Hurricane Ian What he’s most optimistic about, and what keeps him up at night Featuring Mike Simonsen, CEO 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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Resources mentioned in this episode: Clark Woodward on LinkedInRedZoneMike Simonsen on LinkedInAltos Research Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch https://twitter.com/mikesimonsen See you next week!

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Nick Timiraos, Chief Economics Correspondent for The Wall Street Journal, to talk about how the Fed makes its policy decisions and why these decisions are rocking today’s financial and housing markets. Nick tells the story of the Fed’s remarkable odyssey to save the US economy as the pandemic hit, gives an inside look at the Fed’s decision-making mechanics, busts some common myths about the Fed’s intentions for real estate, and offers a glimpse of what might come next. About Nick Timiraos  Nick Timiraos is the Chief Economics Correspondent for The Wall Street Journal and is based in Washington. He is responsible for covering the Federal Reserve and other major developments in US economic policy. He’s also the Author of Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic — And Prevented Economic Disaster. Prior to his current position, Nick covered the Treasury Department, fiscal policy, and broader economic and labor market issues. Before that, he wrote about US housing and mortgage markets as a reporter based in New York. His coverage included the government's response to the foreclosure crisis and the takeover of finance companies Fannie Mae and Freddie Mac. In 2008, Nick contributed to the journal's presidential election coverage and traveled with the campaign of then-Senator Barack Obama. He joined the journal in 2006 and is a graduate of Georgetown University. Here’s a glimpse of what you’ll learn: The story behind the extraordinary lengths the Fed went to in order to save the US economy as the pandemic hitHow Fed policy impacted the housing market during the pandemicWhere the Fed went wrong in 2021What the Fed is likely to do with interest rates next yearWhat the Fed’s goal for housing actually isHow to look at the inflation numbers like the Fed to help see future policy decisions nowHow the Fed might embrace new data and more real-time data to make better policy decisionsWhether the trend of de-globalization will derail or preserve American prosperityHow the Fed might react to challenges facing the dollar from threats like cryptocurrencies and BitcoinWhether the Fed will step in to help resuscitate the housing market if it crashes too hard in 2023 Featuring Mike Simonsen, CEO 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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Resources mentioned in this episode: Nick Timiraos on LinkedInNick Timiraos | The Wall Street JournalNick Timiraos on TwitterTrillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic — And Prevented Economic Disaster by Nick TimiraosMike Simonsen on LinkedInAltos Research Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch https://twitter.com/mikesimonsen See you next week!

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Dr. Jenny Schuetz, Senior Fellow at Brookings Metro, to talk about the impact of policy on the housing market. Dr. Schuetz provides insights into how policy can help make housing more affordable, which cities and states are doing a good job with housing policy, and reasons to be optimistic about fixing our housing crisis. She also shares some of the key findings from her recent book: Fixer-Upper: How to Repair America’s Broken Housing Systems. About Jenny Schuetz Dr. Jenny Schuetz is a Senior Fellow at Brookings Metro and is an expert in urban economics and housing policy. She has written numerous peer-reviewed journal articles on land use regulation, housing prices, urban amenities, and neighborhood change. Dr. Schuetz has appeared in The New York Times, Wall Street Journal, Washington Post, the PBS NewsHour, The Indicator podcast, Vox, and Slate. Dr. Schuetz is the Author of Fixer Upper: How to Repair America's Broken Housing Systems. Topics of recent research include: how statewide zoning reform could improve housing affordability, local strategies to help renters during the COVID-19 crisis, rethinking homeownership incentives to narrow the racial wealth gap, and how housing costs exacerbate economic and racial segregation. Before joining Brookings, Dr. Schuetz served as a Principal Economist at the Board of Governors of the Federal Reserve System. She was also an Assistant Professor at the University of Southern California and a Postdoctoral Fellow at NYU Furman. Dr. Schuetz is a Nonresident Senior Fellow at GWU’s Center for Washington Area Studies and teaches in Georgetown’s urban planning program. Dr. Schuetz earned a PhD in public policy from Harvard University, a master’s in city planning from MIT, and a bachelor’s with highest distinction in economics and political and social thought from the University of Virginia. Here’s a glimpse of what you’ll learn: Which policies have contributed the most to the current housing inventory crisis?How policy can help make housing more affordableThe challenges caused by using homes as a source of wealthHow we should be thinking about climate risk and housingWhich cities and states are doing a good job with housing policy?Reasons to be optimistic about fixing our housing crisis Featuring Mike Simonsen, CEO 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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Resources mentioned in this episode: Dr. Jenny Schuetz on LinkedInDr. Jenny Schuetz on TwitterBrookings MetroFixer Upper: How to Repair America's Broken Housing Systems by Jenny SchuetzHomelessness Is a Housing Problem: How Structural Factors Explain U.S. Patterns by Gregg Colburn and Clayton Page AldernMike Simonsen on LinkedInAltos Research Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch https://twitter.com/mikesimonsen See you next week!