Top of Mind: Recent Episodes
Mike Simonsen
Top of Mind is the show where real estate industry insiders dive into the big trends shaping the market today.
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.
In this episode of the Top of Mind podcast, Mike Simonsen sits down with storied real estate trainer and broker Leigh Brown to talk about the state of today’s real estate industry.
Leigh discusses how to take advantage of volatility to gain market share, gives her take on why people should stop worrying about the number of realtors, and shares what people should know about Wall Street investors and the impact on local housing markets and the American dream. She also offers some surprising insights into how consumers are navigating 7% mortgage rates (and why she thinks mortgage rates could go even higher from here).
About Leigh Brown
Leigh Brown uses her decades of real estate experience to help everyone from early career to highly seasoned agents build (and rebuild!) their professional presence and confidence by assisting them to define and communicate their value proposition expertly. Her goal is for each real estate agent who is a REALTOR® member to become an impactful presence in their community in the process. She knows today’s agents and brokers face unprecedented pressure to stand out in a competitive market; she also knows that the security to build and maintain solid client relationships starts with one step: Just Say Hi. Through a systemized process to identify and define your value, Leigh gives agents and brokers the confidence and tools to reach greater heights in their chosen career. A best-selling author of three influential business books, Leigh excitedly shares her expertise with anyone looking to ignite their passions and create the outcomes they want. Leigh’s mission is helping others. She has the grit and passion for motivating everyone around her to strive for more. She’s also an Altos superuser with more than a decade of experience using Altos reports in her business. Here’s a glimpse of what you’ll learn: * What you need to know now about realtors and the growth of the real estate industry, and how to take advantage of volatility to gain market share * Why people should stop worrying about the number of realtors * How the market looks now that we’re past the end of the white-hot frenzy * Surprising insights about how consumers are navigating 7% mortgage rates * Why she thinks mortgage rates could go even higher from here * What people should know about Wall Street investors and the impact on local housing markets and the American dream * How she uses Altos market reports, what she’s learned from the data, and her secret technique for sharing market data with all kinds of people
Resources mentioned in this episode: * Connect with Leigh on LinkedIn * Leigh Brown * Mike Simonsen on LinkedIn * Altos 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 Twitter * Mike on Twitter
About Altos Research The Top of Mind Podcast is produced by Altos Research.
Each week, Altos tracks every home for sale in the country - all the pricing, and all the changes in pricing - and synthesizes those analytics to make them available before becoming visible through traditional channels.
Schedule a demo to see Altos in action. You can also get a copy of our free eBook: How To Use Market Data to Build Your Real Estate Business.
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.
This week we are bringing something a little different to your Top of Mind feed, a crossover with our new show: House of Data. This brand new Altos Research x HW Media show explores how data is influencing decisions at the most ambitious companies in housing.
Enjoy!
Listen on Apple Podcasts
Listen on Spotify
Listen on HousingWire
My first guest on House of Data is Zach Ronstadt. Zach is the VP of Strategic Operations at Meritage Homes and has spent the last 15 years creating a data and research team called Strategic Operations that supports their regional leaders with insights and data to make better decisions.
Zach and I talk about building trust as a data team with decision makers and what that process looks like over time, developing the ability to influence decisions without being the decision maker, how to be effective in a data role, and what data has told Zach about evolving consumer preferences in new homes.
Related to this episode:
- Zach’s LinkedIn
- Meritage Homes
House of Data explores how data is influencing decisions at the most ambitious companies in housing. Each episode dives into how housing market participants are ingesting, organizing, and making decisions using data, and the competitive advantages that follow.
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.
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Doug Brien, CEO and co-founder of Mynd, to talk about innovation and opportunities in real estate investing. Doug discusses why current cash flow trends bode well for next year, shares the most important stat for investors to pay attention to right now, and explains why he thinks the American Dream of home ownership is not dying, but evolving. Doug also shares insights and stories about real estate investing, entrepreneurship, and life from his new book, “The Big Long.”
About Doug Brien
Doug Brien is the CEO and co-founder of Mynd, the company on a mission to make real estate investing more accessible by leveraging technology to unlock remote investing at scale. Powered by a proprietary all-in-one platform, Mynd streamlines the entire investment journey. Ranging from first-time individual investors to seasoned institutional investors, Mynd empowers more Americans to build wealth through the single-family rental sector. A former Super Bowl-winning NFL placekicker, Brien got his start in real estate following the collapse of the housing market in early 2009, when he and Colin Wiel founded Waypoint Homes and began buying single-family homes to renovate and rent out. Together, they scaled up their company in an industry that had been the domain of smaller players, building a $3 billion portfolio with over 17,000 single-family rental homes. In 2016, the duo went on to launch Mynd, leveraging their SFR expertise and technology to empower a new generation of real estate investors. Today, Mynd manages over 17,600 units in 26 markets across the country and expects to manage 20,000 homes by the end of 2023. Doug Brien holds a B.A. from the University of California at Berkeley and an MBA from Tulane University. Here’s a glimpse of what you’ll learn: * Why even with the market slowdown and higher interest rates, some investors are still gaining profitability * Why current cash flow trends bode well for next year * The most important stat for investors to pay attention to right now * Why Americans are investing in the Smile Belt * How the iPhone helped fuel the creation of the single-family rental industry * Why he’s bullish on appreciation and on rent growth * What the post-zero-interest-rate era looks like for real estate investors * The math on why real estate investors prevent home price crash catastrophe * Why we have a shortage of single-family rental homes (just like we have a shortage of homes to purchase), and what that means for homebuilders
Resources mentioned in this episode: * Connect with Doug on LinkedIn * Mynd * Mike Simonsen on LinkedIn * Altos 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 Twitter * Mike on Twitter
About Altos Research The Top of Mind Podcast is produced by Altos Research.
Each week, Altos tracks every home for sale in the country - all the pricing, and all the changes in pricing - and synthesizes those analytics to make them available before becoming visible through traditional channels.
Schedule a demo to see Altos in action. You can also get a copy of our free eBook: How To Use Market Data to Build Your Real Estate Business.
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.
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Robert Dietz, Chief Economist and Senior Vice President for Economics and Housing Policy for the National Association of Home Builders, to talk about the state of new home construction across the country. Robert shares NAHB’s forecast for mortgage rates, does the math on how many homes we need to build each year, and looks at which cities are doing new home construction well. He also discusses some optimistic trends for home construction and affordability.
About Robert Dietz
Dr. Robert Dietz is Chief Economist and Senior Vice President for Economics and Housing Policy for the National Association of Home Builders, where his responsibilities include housing market analysis, economic forecasting and industry surveys, and housing policy research. He has published academic research on the benefits of homeownership, federal tax policy, and other housing issues, and has testified before Congress on real estate policy issues. He is often cited on housing and economic issues in the Wall Street Journal, CNBC, and other media sources. Prior to joining NAHB in 2005, Robert worked as an economist for the Congressional Joint Committee on Taxation, where he was the committee’s real estate expert. He is a native of Dayton, Ohio and earned a Ph.D. in Economics from the Ohio State University. Here’s a glimpse of what you’ll learn: * What NAHB forecasts for mortgage rates, what he expects from the Fed and what that means for the economy and mortgage rates * How to do the math on how many new homes we need to build each year * Why new home builders are much more critical to housing in the US now than they’ve ever been * When new home construction volume will get back to “normal” levels - How big national builders are different from small local builders in terms of impact for housing * Which cities are doing new construction well/smart * Why we’re underbuilding entry-level homes and why that looks to get worse * Which exciting technologies are emerging for home building * One way the Biden administration could instantly make home building more affordable * Why he sees optimistic trends for home construction and affordability from policymakers around the country
Resources mentioned in this episode: * Connect with Robert on LinkedIn * National Association of Home Builders * Mike Simonsen on LinkedIn * Altos 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 Twitter * Mike on Twitter
About Altos Research The Top of Mind Podcast is produced by Altos Research.
Each week, Altos tracks every home for sale in the country - all the pricing, and all the changes in pricing - and synthesizes those analytics to make them available before becoming visible through traditional channels.
Schedule a demo to see Altos in action. You can also get a copy of our free eBook: How To Use Market Data to Build Your Real Estate Business.
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.
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Adena Hefets, co-founder and CEO of Divvy Homes, to talk about why the rent-to-own model is gaining momentum in today’s housing market. She discusses the challenges many people are facing in getting a mortgage, looks at the dynamics behind the affordability crisis, and shares her thoughts on which segments of the housing market are best poised to hold value and appreciate. She also gives her perspective on which types of proptech startups are poised for success, and which ones will have trouble making it.
About Adena Hefets
Adena is the co-founder & CEO of Divvy Homes, a proptech company on a mission to make homeownership accessible to everyone. In 2017, Adena set out to solve a problem she saw in the market: fewer people can afford to purchase a home today than two decades ago. To solve this, she came up with a new way to finance a home purchase through a rent-to-own model that allows renters to gradually build up ownership in their future homes - all while living in it. Prior to founding Divvy, Adena joined Square in 2013 and was responsible for building out Square Capital, a merchant cash advance platform with billions in loans outstanding. Prior to Square, she was part of the large-cap buyout team at TPG, a private equity firm, where she helped purchase companies in the real estate sector. She started her career as an investment banker at Merrill Lynch. Adena holds a Bachelors of Science, Policy Analysis and Management from Cornell University and a Masters of Business Administration, Stanford Graduate School of Business. She was named 40 Under 40 by Fortune and is backed by Andreessen Horowitz, Tiger Capital, and Caffeinated Capital. She currently lives in Oakland, California. Here’s a glimpse of what you’ll learn: * How the rent-to-own model works, why it’s attractive, and which demographic groups are embracing this approach * Which type of proptech startups are poised for success, and which ones will have trouble making it * Why the biggest crisis we’re facing in real estate is affordability, and what we can do about it * Why big investor money is still on the sidelines, and what that means for the housing market * Which segments of the housing market are best poised to hold value and appreciate * Where we should see the impact of AI innovations on the real estate industry (and where we won’t)
Resources mentioned in this episode: * Connect with Adena on LinkedIn * Divvy Homes * Mike Simonsen on LinkedIn * Altos 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 Twitter * Mike on Twitter
About Altos Research The Top of Mind Podcast is produced by Altos Research.
Each week, Altos tracks every home for sale in the country - all the pricing, and all the changes in pricing - and synthesizes those analytics to make them available before becoming visible through traditional channels.
Schedule a demo to see Altos in action. You can also get a copy of our free eBook: How To Use Market Data to Build Your Real Estate Business.
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.
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Stephanie Anton, President of Corcoran Affiliates, to talk about the market for luxury homes around the world. Stephanie shares advice for how agents and firms can grow during times of market contraction, offers fresh perspectives on real estate branding and design, and looks at some of the strategies agents are using to win in this challenging market. She also provides insights into the market for high-end homes, including migration and growth patterns, and discusses what comes next in this economy.
About Stephanie Anton
Stephanie Anton is the President, Corcoran Affiliates where she oversees the growth and operations of The Corcoran Group’s global expansion through its fast-growing affiliate network. Anton, who joined Corcoran in July 2020 as Senior Vice President of Affiliate Marketing and Growth, was most recently the SVP of Corcoran Affiliates and served as the Managing Director of Global Service across five of the six Anywhere Real Estate (formerly Realogy) brands. As President of the Corcoran Affiliate Network, Anton is responsible for leading Corcoran’s franchise business. With deep experience across franchise marketing and operations, Anton is laser-focused on helping Corcoran grow its global network while helping the brand’s respective affiliates grow in their local markets. Here’s a glimpse of what you’ll learn: * How to grow in times of market contraction * Why full-service real estate is thriving * Fresh perspectives on branding and design in real estate marketing * How technology is helping realtors have more impact * How to run a high-end luxury brand and make it “not stuffy” * Three surprising markets where high-end real estate is winning - What the latest migration data tells us about the growth of the market and brokerages * Which agents are winning now, and what we can learn from them * How the consumer marketing concept of the “expandable consumable” applies to real estate
Resources mentioned in this episode: * Connect with Stephanie on LinkedIn * Corcoran Group * Mike Simonsen on LinkedIn * Altos 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 Twitter * Mike on Twitter
About Altos Research The Top of Mind Podcast is produced by Altos Research.
Each week, Altos tracks every home for sale in the country - all the pricing, and all the changes in pricing - and synthesizes those analytics to make them available before becoming visible through traditional channels.
Schedule a demo to see Altos in action. You can also get a copy of our free eBook: How To Use Market Data to Build Your Real Estate Business.
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.
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Tyron McDaniel, CEO of Houston Vintage Homes, to talk about his vision for affordable and attainable housing. Tyron shares why he runs his companies for “impact over income”, discusses his approach to building that creates pride for his tenants and long-term value for communities, and outlines the techniques he uses to build affordable housing successfully. He also offers a look at which markets are most exciting for his work, and which tech trends are the most encouraging for the future of affordable housing.
About Tyron McDaniel
Tyron began his real estate career working in a mortgage broker’s office as a secretary back in 2000, with the ultimate goal of one day becoming a home builder and developer of affordable housing. After becoming a Mortgage Broker, then a Real Estate Agent, Tyron began to purchase rental properties before venturing into the Buy, Fix & Flip space. This ultimately led to him becoming a homebuilder in 2005, setting the foundation for Houston Vintage Homes and its sister companies, which are focused on the design and development of affordable housing in inner-city communities around the country.
With a keen eye for design and historical context, Tyron now works with multiple cities, and coaches and mentors investors, home builders and developers from around the country in creating affordable housing solutions to meet the ever-growing need for more affordable housing.
Here’s a glimpse of what you’ll learn: * Tyron’s vision for affordable and attainable housing * Why he runs his companies for “impact over income” * How affordable housing helps not only the existing residents but attracts desirable growth for a community * The difference between gentrification and displacement * How compassionate capitalism creates long-term value * Why he looks to build pride in the home for tenants in his properties * Techniques he uses for creating affordable housing when so few others can do so * Which markets are most exciting for his work in affordable housing * Which economic factors are hindering the ability to create affordable housing * Which technology trends are the most encouraging for the future of affordable housing
Resources mentioned in this episode: * Connect with Tyron on LinkedIn * Houston Vintage Homes * Tyron on Twitter * Mike Simonsen on LinkedIn * Altos 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 Twitter * Mike on Twitter
About Altos Research The Top of Mind Podcast is produced by Altos Research.
Each week, Altos tracks every home for sale in the country - all the pricing, and all the changes in pricing - and synthesizes those analytics to make them available before becoming visible through traditional channels.
Schedule a demo to see Altos in action. You can also get a copy of our free eBook: How To Use Market Data to Build Your Real Estate Business.
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.
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Brian Boero, co-founder of real estate branding and strategy firm 1000watt, to talk about how agents and brokers can thrive in a difficult market. Brian gives us an inside look at what the top real estate brands are saying to consumers now, offers advice for messaging in a down market, and shares insights into what 1000watt’s consumer surveys can tell us about market needs. He also discusses why consumers gravitate towards a “signal of clarity” in challenging times, and how real estate professionals can best provide that signal.
About Brian Boero
Brian has been in real estate media, marketing and technology since 1997. Before co-founding 1000watt, a branding and strategy agency focused on the housing market, Brian was President of Inman, and he was also CEO of VREO, where he created e-signature and document management software for tablet PCs.
Here’s a glimpse of what you’ll learn: * Why a difficult market is your best opportunity to grow, gain share, and differentiate * What some of the great real estate brands are saying to consumers now * Why in a difficult market, consumers gravitate towards a “signal of clarity” (and why market data is that clarity!) * What 1000watt’s consumer surveys tell us about what real estate consumers need from their agents/brokers * Which advertising messages work better in a down market, including real estate marketing cliches to avoid * The biggest change coming for realtors in the next few years * A surprising signal that realtors are gaining trust * How great brands differentiate themselves in real estate
Resources mentioned in this episode: * Connect with Brian on LinkedIn * 1000watt * Mike Simonsen on LinkedIn * Altos 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 Twitter * Mike on Twitter
About Altos Research The Top of Mind Podcast is produced by Altos Research.
Each week, Altos tracks every home for sale in the country - all the pricing, and all the changes in pricing - and synthesizes those analytics to make them available before becoming visible through traditional channels.
Schedule a demo to see Altos in action. You can also get a copy of our free eBook: How To Use Market Data to Build Your Real Estate Business.
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.
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 collapse * Why the millennial demographic cycle still drives everything in housing * The one factor that’s more important than mortgage rates when calculating housing demand * The range to expect for mortgage rates over the next year * Why home prices look like they’ll climb again in 2024 * When inventory will finally rise, and which new economic variables might add to inventory * Why he rejects the mortgage-rate-lock-in hypothesis * Long-term trends buyers and sellers should be thinking about * Predictions for where the market is headed
Resources mentioned in this episode: * Logan Mohtashami on LinkedIn * Logan on Twitter * HousingWire * HousingWire Daily * Mike Simonsen on LinkedIn * Altos 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 Twitter * Mike 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, real-time look at what’s happening in the US housing market, powered by data from Altos Research.
We talk here about all the latest data and If you want to see all the charts all the inventory, prices, supply and demand data 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.
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 now * What is “House Hacking” and why is it so important * Why flipping still works even as the market slows * How to view current cap rates and what that means for investors in 2023 * Which investors are winning in this market * Whether there’s an “AirBnBust” coming * What happens to new investors in a recession * Why the big surge in multifamily construction is a blip — not a trend * Which local markets look the healthiest
Resources mentioned in this episode: * Dave Meyer on LinkedIn * BiggerPockets * BiggerPockets on Twitter * Mike Simonsen on LinkedIn * Altos 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 Twitter * Mike 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 LinkedIn * Roofstock * Mike Simonsen on LinkedIn * Altos 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 Twitter * Mike 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 pandemic * Which unique insights we can get from Redfin user and agent data * Where he sees mortgage rates this year and the threshold for consumers to buy * What’s happening with affordability, and what the media gets wrong about it * How to look at price reductions as a predictive tool * Where Redfin sees home prices going in 2023 * Why uncertainty is the biggest risk this year rather than recession or inflation
Resources mentioned in this episode: * Taylor Marr on LinkedIn * Redfin * Mike Simonsen on LinkedIn * Altos 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 matters * What we should know about millennials and new immigrants, including where they’re buying and implications for future housing needs * The latest trends for Zoom Towns and first-tier suburban home demand * What public policy gets wrong about planning for affordability * Why she sees some optimistic signs for affordability this year, and where longer-term opportunities lie * How housing decisions get made at the local level * Which areas are having success with zoning and construction policy * Why 2023 looks like a “touch-and-go” economy rather than a “soft landing” * Her expectations for inflation and recession * Her advice to potential buyers right now
Resources mentioned in this episode: * Lisa Sturtevant on LinkedIn * Bright MLS * Mike Simonsen on LinkedIn * Altos 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 Florida
- Insights into the international political and financial dynamics that drive Miami real estate
- Opportunities and risk around the booming construction market, including some surprising new approaches to meeting rental demand
- Which 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 risks
- Her 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 LinkedIn * Ines Hegedus-Garcia on Instagram * Miamism * Avanti Way Realty * Mike Simonsen on LinkedIn * Altos 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 is * What’s happening with first-time homebuyers * Why the Ukraine war creates risk in the US housing market * Climate change and CoreLogic’s new climate risk platform * Which drivers will finally help increase inventory for home buyers * How small investors increasing market share over big institutional money * Whether 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 LinkedIn * Selma Hepp on Twitter * CoreLogic * CoreLogic Office of the Chief Economist * Mike Simonsen on LinkedIn * Altos 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 recession * Which specific signals to watch to know if we’re going to avoid a recession * What Indeed data tells us before the rest of the economic headlines * What’s happening with wage growth, what to expect, and why this matters * Why tech layoffs aren’t necessarily a leading indicator for the broader economy * What recent wage growth means for housing affordability * How 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 LinkedIn * Nick Bunker on Twitter * Indeed * Indeed Hiring Lab * Indeed Hiring Lab’s Real-Time Job Posting Data * Mike Simonsen on LinkedIn * Altos 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 report * Why affordability will make or break the housing market this year * Which markets dominate Zillow’s “hot markets” list and why * Orphe’s frameworks for understanding recession risk and construction trends * Why homes in risky climate areas might actually increase in price in the future * One 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 LinkedIn * Dr. Orphe Divounguy on Twitter * Zillow * Zillow Research * “Mortgage Rates Fall as New Data Backs up Falling Inflation, but Debt Fight Could Roil Market” * Mike Simonsen on LinkedIn * Altos 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 information * What the mortgage executives are saying about 2023 * Why an economic recession could be good for housing * What opportunities Clayton sees for first-time home buyers in this market * The surprising gap between mortgage company headcount and transaction volume * The most important mortgage technology innovations to pay attention to * Whether single-family rental investors might exacerbate or mitigate this housing recession * Why 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 | Instagram * HW Media * Housing News podcast * “How the Fed Is Reshaping America” with Nick Timiraos * Mike Simonsen on LinkedIn * Altos 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 watching * Whether we should expect a recession in 2023 * How to analyze the inflation data (and why service sector inflation is key) * Why rates might rise from here * Why looking at when home prices will fall may be more important than by how much * What the First American Real Home Price Index tells us about buying power * Why lower available inventory of homes is the new normal * What’s likely to happen with the shortage of housing in the US * Why 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 LinkedIn * Mark Fleming on Twitter * First American Financial Corporation * Mark Fleming | First American Financial Corporation * First American Real House Price Index * The REconomy Podcast * Mike Simonsen on LinkedIn * Altos 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 slump * How much home prices are likely to decline in the next two years * The leading indicators (and secret signals!) to watch for changes in the market * What’s happening with the second home market now * The 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 LinkedIn * Rick Palacios Jr. on Twitter * John Burns Real Estate Consulting * John Burns Real Estate Consulting on Twitter * Odd Lots Podcast * Mike Simonsen on LinkedIn * Altos Research
Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch
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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 2023 * What happens to real estate investor business models when the Fed’s policy shifts from easy money to tighter policy * What the future looks like for small real estate investors as big Wall Street money is gaining market share * How landlords are getting creative with rental business models, and how business models may have to shift in the future with more expensive capital * Trends in short-term rentals and other innovations in real estate * How 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 LinkedIn * Vontive * Rebuilt * Ken Corsini HGTV * Red Capital Lending * Certain Lending * Mike Simonsen on LinkedIn * Altos Research
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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 decades * Which elements of climate change are most impactful to wildfires * How insurance is changing with regards to disasters and climate change * Why it’s so hard to properly promote forest health * The latest data science innovations for predicting wildfire probabilities * The most promising technologies for preventing home damage and loss * How 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 LinkedIn * RedZone * Mike Simonsen on LinkedIn * Altos Research
Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch
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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 hit * How Fed policy impacted the housing market during the pandemic * Where the Fed went wrong in 2021 * What the Fed is likely to do with interest rates next year * What the Fed’s goal for housing actually is * How to look at the inflation numbers like the Fed to help see future policy decisions now * How the Fed might embrace new data and more real-time data to make better policy decisions * Whether the trend of de-globalization will derail or preserve American prosperity * How the Fed might react to challenges facing the dollar from threats like cryptocurrencies and Bitcoin * Whether 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 LinkedIn * Nick Timiraos | The Wall Street Journal * Nick Timiraos on Twitter * Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic — And Prevented Economic Disaster by Nick Timiraos * Mike Simonsen on LinkedIn * Altos Research
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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 affordable * The challenges caused by using homes as a source of wealth * How we should be thinking about climate risk and housing * Which 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 LinkedIn * Dr. Jenny Schuetz on Twitter * Brookings Metro * Fixer Upper: How to Repair America's Broken Housing Systems by Jenny Schuetz * Homelessness Is a Housing Problem: How Structural Factors Explain U.S. Patterns by Gregg Colburn and Clayton Page Aldern * Mike Simonsen on LinkedIn * Altos Research
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Michael Batnick from The Irrelevant Investor to talk about how today’s economic turmoil is affecting the financial and real estate markets. Michael shares his thoughts and insights into where the economy is going, offers his take on the Fed’s recent aggressive moves, and provides some wisdom on what consumers can do to come out ahead in a volatile market.
About Michael Batnick Michael Batnick is a Managing Partner at Ritholtz Wealth Management and a highly influential financial markets commentator. He is the Author of The Irrelevant Investor and Co-host of the podcasts Animal Spirits and The Compound & Friends.
Here’s a glimpse of what you’ll learn: * Where Michael Batnick sees the broader economy going and what we should be planning for * Leading indicators to watch for a potential recession * Whether the Fed is making mistakes with interest rates right now * How real estate is different than other types of assets in a portfolio * Why cashing out your portfolio is “poison” as a strategy
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: * Michael Batnick on LinkedIn * Ritholtz Wealth Management * The Irrelevant Investor * Animal Spirits Podcast * The Compound & Friends * Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic — and Prevented Economic Disaster by Nick Timiraos * Conor Sen on the Top of Mind podcast * Mike Simonsen on LinkedIn * Altos Research
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Jay Parsons, VP, Head of Economics and Industry Principals for RealPage, to talk about what’s happening in the rental market. Jay explains how the rental market and housing market are interrelated, gives his take on which rental policies work, and shares leading indicators he’s watching to stay on top of the market in 2023.
About Jay Parsons Jay Parsons serves as VP, Head of Economics and Industry Principals for RealPage. He is a frequent author and speaker on topics including rental housing investment and asset management strategy, rental housing policy issues, risk management, and property management — covering apartments and single-family rentals. Jay has been cited in the Wall Street Journal, Bloomberg, and CNBC, among other outlets. His commentaries have been published by the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker, and GlobeSt.
Here’s a glimpse of what you’ll learn: * Why the rental market is often misunderstood * How rents will impact inflation and the CPI for the next year * How home prices and rental prices are interrelated * Why the surging supply of new construction may not help renter costs any time soon * What to expect for rents 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: * Jay Parsons on LinkedIn * Jay Parsons on Twitter * RealPage * Mike Simonsen on LinkedIn * Altos Research
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Daren Blomquist, the Vice President of Market Economics at Auction.com, for a deep dive into the state of the distressed housing market, the latest insights from investor buyer behavior, and what the Auction.com platform can tell us about the housing market that we can’t see anywhere else.
About Daren Blomquist Daren Blomquist is the Vice President of Market Economics at Auction.com. In this role, Daren analyzes and forecasts complex macro and microeconomic data trends within the marketplace and industry to provide value to both buyers and sellers using the Auction.com platform.
Daren’s reports and analysis have been cited by thousands of media outlets — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times, and USA TODAY. Daren has been quoted in hundreds of publications and has appeared on many national network broadcasts, including CBS, ABC, CNN, CNBC, FOX Business, and Bloomberg.
Here’s a glimpse of what you’ll learn: * The big trends in foreclosures and how the distressed market compares to previous years * Two unique data points Auction.com uses to forecast future home prices * Will investors be the backstop for a faltering housing market, or will they be the catalyst for a deeper market correction? * What will happen with foreclosures in a recessionary economy — how many homes will be in foreclosure, and how quickly will it happen? * Daren Blomquist’s outlook for what’s next in the industry
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: * Daren Blomquist on LinkedIn * Auction.com * Auction.com In the News * “Why Do So Few People Buy Affordable Properties at Auction?” by Jung Hyun Choi, Laurie Goodman, and Liam Reynolds * Mike Simonsen on LinkedIn * Altos Research
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Kevin Oakley, Managing Partner at Do You Convert, to get insights into what’s happening right now with new home construction. Kevin discusses the impact of the pandemic on the new homes landscape, the affordability challenge with new homes, which markets will see inventory rise as new homes hit the market, and more.
About Kevin Oakley Kevin Oakley is one of the most trusted names in new home marketing to builders and developers across North America. He has over 17 years of experience running marketing and sales operations for home builders of all shapes, sizes, and areas of expertise, including at NVR, Maronda Homes, and Heartland Homes. Kevin is now a Managing Partner at Do You Convert, which is a leading provider of digital marketing for home builders.
Kevin’s background gives him a unique perspective on the challenges of today’s market. He’s the Author of Presale Without Fail: The Secret to Launching New Communities with Maximum Results. He’s also the Host of the Market Proof Marketing podcast.
Here’s a glimpse of what you’ll learn: * How the pandemic reshaped the home building landscape * The impact of record-low consumer sentiment on the market for new homes * The latest on what’s happening with supply chain issues * Why new homes are often hit harder by economic downturns * Which markets may see a spike in inventory when new homes hit the market * The challenge of affordability in new home construction
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: * Kevin Oakley on LinkedIn * Kevin Oakley on Twitter * Do You Convert * Market Proof Marketing podcast * Consumer Sentiment Index - University of Michigan * National Association of Home Builders * Mike Simonsen on LinkedIn * Altos Research
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Len Kiefer, Deputy Chief Economist at Freddie Mac, to talk about the latest housing market and macroeconomic forecast released this week from the mortgage giant. Len explains how Freddie Mac does their forecasting, what they see for the coming year in real estate, how last year’s real estate boom skews today’s inflation numbers, and more. Download the latest research at https://freddiemac.com/research.
About Len Kiefer Len Kiefer has served as Deputy Chief Economist at Freddie Mac since December 2012. He is responsible for primary and secondary mortgage market analysis and research, macroeconomic analysis, and forecasting. He also analyzes policy issues affecting the housing industry. Before joining Freddie Mac as a Senior Economist in 2009, Len was an Assistant Professor at Texas Tech University, where he conducted research on macroeconomics and monetary policy. Previously, he taught economics at Ohio State University and finance at George Mason University. Len is a Member of the American Real Estate and Urban Economics Association and the American Economics Association.
Here’s a glimpse of what you’ll learn: * The mechanics behind Freddie Mac’s sophisticated economic forecasting * What Freddie Mac’s latest forecast says about the coming year in real estate * How last year’s real estate boom skews today’s inflation numbers * The impact of migration and remote work on home prices * What the future holds for mortgage rates * Len Kiefer’s creative approach to data visualization and storytelling
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: * Len Kiefer on LinkedIn * Len Kiefer on Twitter * Len Kiefer’s website * Freddie Mac * Freddie Mac’s Housing and Economic Research * Mike Simonsen on LinkedIn * Altos Research
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Mike Greene, CEO of ResiShares, to talk about the latest trends in real estate investing. Mike and Mike discuss how investors are thinking about real estate as the market shifts, how to spot opportunities now, which global economic forces pose the biggest risks to US real estate, and more.
About Mike Greene Mike Greene’s fascination with the housing market began with a guest lecture in his undergrad economics class by Nobel-winning economist Robert Shiller. The lecture focused on Shiller’s home price indices, which first drew attention to the possibility of liquid, geographically-based investment products.
Over the past 15 years, Mike worked first as a Trader at Bocage Capital, and later at HouseCanary, where he witnessed the emergence of the single-family rental ecosystem that convinced him that the world was finally ready to see Shiller’s challenge accepted.
Mike is now the Founder and CEO of ResiShares, a real estate investment fund with a unique technology edge and an innovative approach to finding the best opportunities.
Here’s a glimpse of what you’ll learn: * ResiShares’ mission to make real estate a more liquid and accessible asset class * Mike Greene’s surprising test for what presents the best investment opportunity * How ResiShares leverages data to achieve “neighborhood alpha” on their investment portfolio * The biggest long-term macroeconomic risks for the housing market * How real estate investment firms can help solve both the financial and social problems for housing * The key trends to watch in a recessionary economy
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: * Mike Greene on LinkedIn * ResiShares * Mike Simonsen on LinkedIn * Altos Research
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Jimmy Mackin, CEO of Curaytor, to talk about best practices for communicating with buyers and sellers right now, as the market is changing. Jimmy discusses why the principles of communication are more important than the tools and technology, shares what agents who have transcended their local markets have in common, offers specific ideas and techniques for more powerful communication, and more.
About Jimmy Mackin Jimmy Mackin is the CEO of Curaytor, a full-service digital marketing company focused on helping listing agents get more listings. In seven years, Curaytor has grown to over $10 million in annual recurring revenue and has been featured in Forbes, Inc, The Huffington Post, USA Today, and American Express Open Forum.
In 2019, Jimmy co-authored Exactly What to Say: For Real Estate Agents, a best-selling book designed to help real estate agents with the most common, critical, and difficult questions they face. Jimmy is also the Host of the hit podcast #WaterCooler. With over 115 episodes and 8.5 million minutes watched, the show is a go-to resource for anyone in the real estate industry looking to grow their business in today’s digital landscape.
Here’s a glimpse of what you’ll learn: * Best practices for communicating with buyers and sellers right now * Why the principles of communication are more important than the tools and technology * What agents who have transcended their local markets have in common * Why asking questions is better than giving answers in a changing market * Specific ideas and techniques for more powerful communication
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: * Jimmy Mackin on LinkedIn * Jimmy Mackin on Instagram * Jimmy Mackin on Twitter * Curaytor * Curaytor on Instagram * Curaytor on Twitter * #WaterCooler podcast * Exactly What to Say: For Real Estate Agents by Jimmy Mackin, Phil M. Jones, and Chris Smith * The Psychology of Money: Timeless lessons on wealth, greed, and happiness by Morgan Housel * Mike Simonsen on LinkedIn * Altos Research
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Logan Mohtashami from HousingWire to talk about the changing real estate market and the big economic issues of the day. Logan explains how macroeconomic forces actually impact the housing market, shares his surprising take on future home price declines, gives his predictions for where the market is headed, and much more.
About Logan Mohtashami Logan Mohtashami is a housing data analyst, financial writer, and blogger covering the US economy specializing in the housing market. Logan’s work is frequently quoted in BankRate.com and Bloomberg Financial. Logan is also a Lead Analyst for HousingWire.
Logan’s 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. He’s perhaps best known for his highly prescient yearly predictions articles, and his predictions on the state of the housing market and mortgage rate trends published weekly on Bankrate.com.
Here’s a glimpse of what you’ll learn: * How macroeconomic forces are impacting the housing market * What needs to happen for home prices to decline, and why — Logan Mohtashami is actually hoping for this * When to expect inventory to get back to normal * Long-term trends buyers and sellers should be thinking about * Predictions for where the market is headed
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: * Logan Mohtashami on LinkedIn * Logan Mohtashami on Twitter * Logan Mohtashami on Instagram * Logan Mohtashami’s website * HousingWire * HousingWire Daily podcast * Mike Simonsen on LinkedIn * Altos Research
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Johnny Wolff, Founder and CEO of HomeRoom, to talk about HomeRoom’s innovative platform for matching renters with real estate investors. Johnny discusses the advantages of shared housing for both renters and investors, the growing trend of young adults living with roommates, why cities see opportunities in shared housing, and more.
About Johnny Wolff Johnny Wolff is the CEO and Founder of HomeRoom — one of the fastest-growing real estate investing platforms in the United States.
HomeRoom simplifies out-of-state investing and streamlines affordable renting. The company’s marketplace connects rental property investors seeking a turnkey, high-yield experience with renters seeking modern yet affordable housing.
Here’s a glimpse of what you’ll learn: * The advantages of shared housing for both renters and investors * How remote work has created a massive opportunity for shared housing * The growing trend of young adults living with roommates * The case for increasing density to help our housing crisis * How cities are working with HomeRoom to address living affordability challenges
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: * Johnny Wolff on LinkedIn * HomeRoom * Y Combinator * Mike Simonsen on LinkedIn * Altos Research
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Rick Sharga, EVP of Market Intelligence at ATTOM, for a deep dive into the state of the current housing market. Rick talks about areas of risk for housing in today’s economy, shares some surprising insights into the foreclosure situation, discusses which policies might impact demand, and more.
About Rick Sharga Rick Sharga is the Executive Vice President of Market Intelligence at ATTOM, one of the country's leading providers of real estate data for real estate, financial services, insurance companies, and government agencies.
An accomplished executive with over 25 years of experience in consumer and B2B marketing, Rick has held numerous senior leadership positions in the real estate and mortgage industries and has also developed and executed sales and marketing programs for tech companies such as Fujitsu, JD Edwards, Toshiba, and Hitachi; start-ups like Tickets.com; and consumer brands including Pizza Hut, Acura and Cox Communications.
One of the country’s most frequently-quoted sources on real estate, mortgage, and foreclosure trends, Rick has appeared regularly over the past 15 years on CNBC, the CBS Evening News, NBC Nightly News, CNN, ABC World News, FOX, Bloomberg, and NPR.
Rick has also been named twice to the Inman News Inman 100, an annual list of the most influential leaders in real estate.
Here’s a glimpse of what you’ll learn: * Which segments of borrowers are most at risk in the current environment * Surprising insights about the foreclosure situation * Which regulatory changes might further dampen buyer demand this year * Why new buyers are facing a “triple whammy” of challenges * Rick Sharga’s outlook for what’s next in the industry
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 Sharga on LinkedIn * Rick Sharga on Twitter * ATTOM * RealtyTrac * Mike Simonsen on LinkedIn * Altos Research
Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Austin Allison, CEO of Pacaso Homes, to talk about the shifting dynamics in the market for second homes. Austin gives an overview of Pacaso’s innovative model for second home ownership, outlines the surprising community benefits of shared second homes, shares key considerations for people thinking about second homes as an investment, and more.
About Austin Allison Austin Allison co-founded Pacaso to make the dream of second-home ownership a reality for more people after experiencing the profound effect it had on his own life.
Pacaso is Austin’s second startup. In 2009, he founded dotloop in his hometown of Cincinnati, a company that created software to seamlessly manage real estate transactions. Zillow acquired dotloop in 2015, and Austin continued to run dotloop as a Zillow executive until 2018. Austin started selling real estate at the age of 18 and worked in residential and commercial real estate for a decade.
Here’s a glimpse of what you’ll learn: * A look at Pacaso’s innovative model for second-home ownership * The ways in which shared vacation homes have similar benefits to carpooling * Why Pacaso’s second homes are almost fully utilized, while single-owner second homes only get used five to six weeks per year * Why the inventory shortage — especially in second-home markets — is here to stay * How redirecting second-home demand frees up inventory for local primary home buyers
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: * Austin Allison on LinkedIn * Austin Allison on Twitter * Pacaso * Mike Simonsen on LinkedIn * Altos Research
Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Wendy Forsythe, Chief Strategy Officer of Fathom Realty, who shares her view from the front lines of one of the largest and fastest-growing brokerages in the country. Wendy shares the gritty reality of what agents are experiencing in the field right now, talks about what’s on the horizon for technology innovation, provides tips on dealing with insane competitive bidding, and more.
About Wendy Forsythe Wendy Forsythe is the Chief Strategy Officer at Fathom Realty, which is the 10th largest brokerage in the country, with 8,000 agents in 36 states. She has more than two decades of experience building successful real estate networks in the US and Canada and has led the expansion of national brands such as Better Homes and Gardens Real Estate and HomeSmart International. She’s a frequent speaker and writer for many industry publications and conferences, and she was named one of the Most Influential Women in Business in Arizona by AZ Business in 2018. Wendy is also an accomplished athlete, holding several marathon finishes as well as earning the coveted title of Ironman.
Here’s a glimpse of what you’ll learn: * What it means to truly be a local market expert * The challenge of selling into a market with massive competitive bidding * Why new innovation in the mortgage industry may be coming soon * How Wendy Forsythe sees the future of remote work impacting home buyers * How Fathom Realty uses frictionless transactions to better serve their remote customers * Surprising unique survey insights from Fathom and LiveBy * Why the best agents and teams “never forget about tomorrow”
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: * Wendy Forsythe on LinkedIn | Facebook | Twitter | Instagram * Wendy Forsythe’s website * Fathom Realty * Mike Simonsen on LinkedIn * Altos Research
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Tom Ferry, the real estate industry’s #1 coach and trainer, to talk about how to achieve greatness and fulfill your potential as a real estate professional. Tom shares some of the secrets of the best-performing agents in the country, what it takes to become a true leader in the industry, what it means to be a local expert, and more.
About Tom Ferry Tom Ferry is ranked the #1 Real Estate Educator by Swanepoel Power 200 and the Best-Selling Author of Life! By Design and Mindset, Model and Marketing!
As Founder and CEO of Ferry International, the real estate industry’s leading coaching and training company, Tom’s ever-growing influence impacts professionals in a wide variety of ways — including rigorous accountability coaching, the popular #TomFerryShow delivering free, fresh, and relevant real estate tips weekly, highly engaging training events, two best-selling books, and his legendary keynote speeches.
Tom has more than 30,000 hours of coaching experience and works daily to help agents and brokers grow a prosperous business while simultaneously balancing — and loving — their personal lives.
He is also a highly sought-after and renowned speaker whose charisma and personality have captivated audiences around the world. Tom’s love and passion for life are fueled by a commitment to discipline and holding professionals accountable to fulfill their greatness.
Here’s a glimpse of what you’ll learn: * How to talk to buyers and sellers right now * How the great agents and teams “help clients at scale” * Innovative strategies for winning listings in this crazy market * Why a potential recession may not be as difficult for homeowners as expected * The future impact of demographic and homebuilding trends * Why we may actually be in a buyers’ market rather than a sellers’ market
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: * Tom Ferry on LinkedIn * Ferry International * “Now is the Time to Buy! Unpacking the Market with Ivy Zelman” on The Tom Ferry Podcast Experience * Mike Simonsen on LinkedIn * Altos Research
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Adam Ozimek, Chief Economist at the Economic Innovation Group, to talk about remote work and the future of the US economy. Adam believes remote work is not just a pandemic phenomenon, but rather a transformative economic trend with far-reaching impact, similar to how the computer revolutionized every aspect of our lives.
About Adam Ozimek Adam Ozimek is the Chief Economist at the Economic Innovation Group and is an expert in the functioning of labor markets. His research covers a broad array of economics fields, including demographics, monetary policy, and immigration. He was most recently the Chief Economist at Upwork, where he led research on labor market trends. Previously, he was a Senior Economist at Moody’s Analytics where he managed US demographics forecasts and research.
Here’s a glimpse of what you’ll learn: * Why remote work is only just beginning and could reach 50 million workers in the coming years * How remote work is a general-purpose technology, like the computer, that will impact all levels of the economy and society * Which real estate markets are likely to grow or shrink as a result of remote work * What needs to change to address our starter home shortage * What the “Heartland Visa” is and why it’s important * Why increasing high skilled immigration is so important for a dynamic economy * Why Adam Ozimek is hopeful for the economy and our ability to avoid recession and get past inflation and back to full employment
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: * Adam Ozimek on LinkedIn * Adam Ozimek on Twitter * Economic Innovation Group * Mike Simonsen on LinkedIn * Altos Research
Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch
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In this episode of the Top of Mind podcast, Mike Simonsen is joined by Greg Sexton, Chief Operating Officer at Century21. Greg shares his extensive expertise as a leader at one of the most iconic real estate brands in the world, talks about the latest agency trends, and gives his outlook for the real estate market.
About Greg Sexton Greg Sexton is the Chief Operating Officer of Century21. Greg leads Century21’s domestic and international operations, including industry-leading tech platform tools, learning and development, and data-driven products. Century21 is one of the most iconic residential real estate brands of the last 50 years, with 155,000 agents worldwide.
Here’s a glimpse of what you’ll learn: * Why smart marketing and branding are essential in real estate * How Century21’s famous Super Bowl commercial came to be * Why Millennials are seeking out Realtors and not just relying on apps to buy homes * How the pandemic changed the home-buying process and which trends are here to stay * Why suddenly brokerages can expand into new states, far away from their home markets * Why the team model for real estate agents is becoming more dominant * Why there is growth in the US real estate market from international buyers
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: * Greg Sexton on LinkedIn * Century21 * Mike Simonsen on LinkedIn * Altos Research
Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Joe Curtis, Chief Operating Officer at Pango Group, to talk about how real estate transactions are changing, and which big technology trends, like cryptocurrencies and blockchain, are shaping the way Americans buy and sell real estate.
About Joe Curtis Joe Curtis is the Chief Operating Officer at Pango Group, a family of companies that are the leading California-based settlement service experts. In this role, Joe is at the forefront of the evolving technologies in the escrow industry. In 2019, Joe was featured in The Top 100 People in Real Estate Magazine, and in 2018 named the Advocate for Social Good by Giveback Homes.
Here’s a glimpse of what you’ll learn: * How technology helped Pango Group pivot during the pandemic to drive growth * An in-depth look at the digital transformation happening with real estate transactions * Pango’s process for enhancing and securing real estate transactions * Ways to eliminate layers of complexity in purchasing and regulatory matters * How Bitcoin-funded mortgages are happening now - and how they’re not * Why NFTs are the technology most likely to impact the future of real estate transactions in the US * Why cash buyers are increasing this year in the competitive market * Why there is less fraud and fewer contracts failing now than ever before
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: * Joe Curtis on LinkedIn * Pango Group * Mike Simonsen on LinkedIn * Altos Research
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Figuring out how to finance a home purchase can be a huge challenge for first-time homebuyers. Most people have similar questions: What credit score do you need to buy a home? How do you find the best mortgage rate? Where can you go to find answers?
In this episode of the Top of Mind podcast, Mike Simonsen is joined by Dan Green, Founder and CEO of Homebuyer.com, for a deep dive on all things mortgages. Dan talks about how he became passionate about helping people fund their American Dream, why the first-time homebuyer is so neglected (and why that's an opportunity for real estate professionals), how the mortgage market is changing, and what the future holds for homebuyers.
About Dan Green Dan Green is the Founder and CEO of Homebuyer.com, the mortgage lender for first-time homebuyers. Before Homebuyer.com, Dan founded the popular consumer website TheMortgageReports.com which a leading mortgage company later acquired. While publishing in TheMortgageReports.com, Dan also worked as a retail loan officer and was a perennial top-producer, setting production records in multiple years. Through his websites and business, Dan has helped fund over $12 billion in mortgage loans.
Here’s a glimpse of what you’ll learn: * Dan Green explains how he got into the mortgage lending business * How did Dan use blogging to bring in leads? * Why Dan is passionate about helping first-time homebuyers get a fair shot at the American Dream * Dan explains the content strategy for Homebuyer.com * How are rising mortgage rates impacting the real estate market? * What the FHFA is doing to disincentivize inventors and prioritize first-time homebuyers * Millennial home-buying trends * Interesting mortgage trends to keep an eye on * How to stay informed about the ever-changing real estate market
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: * Dan Green on Linkedin * Homebuyer.com * Homebuyer.com on Youtube * Homebuyer.com on Twitter * Mike Simonsen on LinkedIn * Altos Research
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In this episode of the Top of Mind podcast, Mike Simonsen is joined by Conor Sen, a Bloomberg Opinion columnist and Founder of Peachtree Creek Investments, to talk about the impacts of global financial markets on real estate. They talk about the challenges housing markets face in delivering homes, how interest rates are influencing home prices, and marketplace trends people should focus on and consider.
About Conor Sen Conor Sen is a Bloomberg Opinion columnist who writes about financial markets, the economy, housing, cities, and demographics. Conor is also the Founder of Peachtree Creek Investments and has more than a decade of experience in portfolio management and risk management. Conor has broad economic and financial market expertise and offers insights into what’s happening in all the financial markets. He’s been a contributor to the Atlantic and Business Insider and resides in Atlanta.
Here’s a glimpse of what you’ll learn: * Conor Sen shares his background and how he ended up writing for Bloomberg Opinion * Peachtree Creek Investments and what it provides * Why housing markets are top of mind right now * The cause for the growth of home builders and why big builders are efficient while the local builders aren’t * Challenges the housing markets are facing trying to deliver homes * Conor talks about the interest rates in the housing market and how mortgage rates are causing people to overbid for a home * Are we facing risks that could derail our plans and expectations? * Conor talks about the millennial demographic in terms of job creation and household formation * Why investors and individuals buying properties are increasing * 2021 highlights that surprised Conor and predictions for the future * Macro trends that people should pay attention to and macro themes people have not heard of yet * Zoom towns and mixed-use developments and the opportunities that are arising as a result
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: * Conor Sen on Twitter * Conor Sen on LinkedIn * Bloomberg Opinion * “Why Experience Matters in Real Estate” with Becky Babcock and Brad Nix * Mike Simonsen on LinkedIn * Altos Research
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The long-awaited millennial homebuyers have finally entered the real estate market. Where are they buying homes? How are their purchases influencing the market? In this episode of the Top of Mind podcast, Mike Simonsen sits down with Odeta Kushi, Deputy Chief Economist at First American Financial Corporation, to talk about millennial and investor real estate trends. Odeta explains why millennials wait so long to buy homes, where the real estate hot spots are, and how the data at First American demonstrates these trends.
About Odeta Kushi Odeta Kushi is the Deputy Chief Economist for First American Financial Corporation. First American is a leading provider of title insurance settlement services and risk solutions for real estate transactions. In this role, Odeta offers analysis commentary forecasts on trends in the real estate and mortgage markets. Much of her work revolves around demographic trends, especially when it comes to millennials. Odeta monitors and analyzes the quarterly surveys and economic data related to the housing industry. Her research is regularly cited by leading businesses and trade publications like Business Insider and Housing Wire.
Here’s a glimpse of what you’ll learn: * Why Odeta Kushi became a housing economist * The gap between new household formation and new house construction * Will the underbuilding trend continue in the coming years? * What areas of the US offer the highest return for real estate investors? * The data at First American that helps them understand real estate trends * Why millennials are buying homes later in life and moving out of the city * International real estate market trends * Why today’s market is different from The Great Recession * How financial technology innovation is impacting the housing market * Is the housing market contributing to inflation?
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: * Odeta Kushi on LinkedIn * Odeta Kushi on Twitter * First American Economic Center Blog * Mike Simonsen on LinkedIn * Altos Research
Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch
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It’s not easy to predict the future. But when you’re buying a house, it’s nice to have an idea of what could happen. How can you interpret the real estate market data to accurately forecast what’s to come?
In this episode of the Top of Mind podcast, Mike Simonsen joins Bill McBride, housing market expert and author of the blog Calculated Risk, to discuss his 2022 real estate market predictions. Bill explains how home-buying trends changed during the pandemic, why there are fewer houses for sale, and what he thinks will be the next big shift in the market.
About Bill McBride Bill McBride is a housing market expert and the author of the popular economics blog Calculated Risk. Nobel laureate Paul Krugman of the New York Times called Calculate Risk his “go-to website for housing matters.” Bill may be best known for accurately predicting the housing bubble in 2005 and the bottom of housing prices in early 2012.
Bill retired as a senior executive from a small public company in the '90s before becoming a full-time blogger. He holds an MBA from the University of California, Irvine, and has a background in management, finance, and economics.
Here’s a glimpse of what you’ll learn: * Bill McBride shares why he started the Calculated Risk blog * How Bill predicted the 2005 housing bubble * What risks does Bill foresee in the future real estate market? * Why are there fewer houses for sale, and is it a problem? * Millennial home-buying trends * Bill’s predictions for the second half of 2022 * Real estate trends outside of the US * Why sellers should wait for multiple offers instead of taking the first one * What’s the next big shift in the real estate market? * How the remote working trend is impacting the real estate market
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: * Bill McBride on LinkedIn * Calculated Risk * Subscribe to the Calculated Risk newsletter * Bill McBride on Twitter * Mike Simonsen on LinkedIn * Altos Research
Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch
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In today’s ever-changing housing market, how can you make sense of all the numbers and data? What do they mean for builders and home-buyers?
In this episode of the Top of Mind podcast, Mike Simonsen is joined by Ali Wolf, Chief Economist at Zonda, to interpret today’s housing market data. Ali talks about the implications behind the number of new construction homes, millennial home-buying trends, and what forecasters are saying about the future housing market
About Ali Wolf Ali Wolf is the Chief Economist for Zonda, the largest homebuilding proptech company in North America. As Head of the Economics Department, Ali manages and analyzes the content for Zonda, runs special research projects, and strategizes with the nation’s largest homebuilders. She gives presentations nationwide covering topics across the housing market and the broad economy. Ali is also the creator of Zonda’s proprietary indices, including the New Home Pending Sales Index and the New Home Lot Supply Index. Highly regarded as an industry expert, Ali is quoted frequently in national publications including CNBC, The Wall Street Journal, Forbes, and Yahoo! Finance. She has also appeared on national and international TV and radio programs such as Bloomberg TV and Marketplace. Ali serves as an advisor to the White House, providing data and insights on the US housing market.
Here’s a glimpse of what you’ll learn: * Ali Wolf shares how Zonda got started * How did Ali become interested in housing data? * Zonda’s strategies for collecting data * What is the housing index telling us right now? * The implications behind the rising number of new home constructions * Millennial home-buying trends * Do the numbers indicate a coming change in the market? * Market risks outlook * New releases from Zonda: the Zonda Affordability Ratio (ZAR) * Why “Zoom towns” are becoming more common * Where are the surprisingly affordable markets? * What are the signs of a falling market?
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: * Ali Wolf on LinkedIn * Ali Wolf on Twitter * Zonda * Mike Simonsen on LinkedIn * Altos Research
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Buying a house can be challenging. Sometimes people try to find help from friends. But what’s the difference between hiring a well-meaning friend versus a professional?
In this episode of the Top of Mind podcast, Mike Simonsen is joined by Becky Babcock and Brad Nix, Co-founders of Path & Post Real Estate, to discuss why hiring a professional makes all the difference in your real estate journey. They talk about the core values at Path & Post, share advice for buying and selling in today’s market, and discuss predictions for the future of the real estate market.
About Becky Babcock and Brad Nix Becky Babcock is the CEO, Founder, and Co-owner of the Path & Post Real Estate team brokerage. Becky is passionate about sharing her vision, challenging the status quo, and helping team members achieve success. She focuses on understanding each client's unique life transition to create a memorable experience for clients and meaningful work for team members. Becky is also the author of How to Sell Houses without Selling Your Soul.
Brad Nix is the Co-founder and Chief Operating Officer of the Path & Post Real Estate team brokerage, where he oversees the operations of 26 team members. Under Brad’s leadership, Path & Post has received over 800 five-star reviews from satisfied clients and sold over 2,400 homes. Throughout his career, Brad has been consistently recognized by the real estate community for delivering exceptional experiences for both his agents and consumers.
Here’s a glimpse of what you’ll learn: * Becky Babcock explains what sets Path & Post Real Estate apart from other real estate brokerages * Brad Nix describes the difference between a professional and an amateur * How does Path & Post reach new customers? * Path & Post’s company values: RUG * Questions to ask to determine if you’re ready to buy a home * Advice for buyers and sellers in today’s market * Where is the market headed over the next 10-20 years? * Surprising real estate trends in the last 24 months * Becky and Brad’s vision for the future of Path & Post
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: * Becky Babcock on LinkedIn * Brad Nix on LinkedIn * Path & Post Real Estate * Mike Simonsen on LinkedIn * Altos Research
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Ralph McLaughlin is the Chief Economist at Kukun, an AI-powered property technology platform for homeowners and real estate investors. Kukun offers fast and intuitive access to the most important home data and analytics. Ralph advises Kukun’s data science team in developing predictive housing market analytics and products. He provides digestible applied research for local governments, public policymakers, and the general public.
Previously, Ralph was the Chief Economist at Trulia and the Deputy Chief Economist at CoreLogic. He currently serves as an Adjunct Assistant Professor at the University of Southern California and is an Advisory Chief Economist at Haus Real Estate Group.
In this episode… Owning a home can seem daunting. How do you know when it's the best time to buy or sell? How do you know what your house is actually worth?
Kukun takes mountains of real estate data and turns it into digestible information for homeowners. They follow real estate trends and produce predictive analysis reports to help you navigate the complex world of home ownership. Additionally, they can help you understand how renovations add value to your home and how alternative financing options can help you find a home sooner.
In this episode of the Top of Mind podcast, host Mike Simonsen is joined by Ralph McLaughlin, Chief Economist at Kukun, to discuss today’s top real estate marketing trends. Ralph explains innovative financing options like shared equity, why he created resources like the Common Haus Pricing Index (CHPI), and what potential policies would benefit homeowners.
Mark Johnson is the CEO of JPAR Real Estate. JPAR is a fast-growing, full-service, transaction-based real estate brokerage based in Texas with offices throughout the country. Mark has invested decades into understanding the inner workings of high-performing real estate companies, managers, teams, and agents. He is also the Host of Success Superstars, a weekly show that highlights the blueprint of real estate agent success, and he is the Co-founder of CoRecruit.
In this episode… The last year has seen real estate prices skyrocket and the inventory of homes diminish. The competition for buying and selling houses has never been more challenging. In this atmosphere, how can you stand out as a real estate agent?
Superior Customer Service. People can spot a salesperson a mile away. They want a genuine opinion on whether or not a home will fit their lifestyle. They need a real estate agent who isn’t afraid to say, “This isn’t the home for you, let’s keep looking,” or “Don’t sell yet. We can get you money.” Folks today want a real estate agent with hyper-local expertise who sincerely cares about their future home — otherwise, they’ll walk their feet and dollars to somebody else.
In this episode of the Top of Mind Podcast, Mike Simonsen is joined by Mark Johnson, CEO of JPAR Real Estate, to discuss how to find success in today's tough real estate landscape. Mark explains why a live local agent is superior to any technology, top tips for becoming a superstar real estate agent, and how the pandemic has changed the industry.