At the Housing Economic Summit, Mike Simonsen of Altos Research emphasized the importance of focusing on housing data rather than alarmist headlines, which often induce fear in the market. Home sales in 2025 are lower than in 2024, but a significant 28% increase in inventory, especially in California, is noted. Projections suggest modest home price growth of around 3.5%, though prices may compress if elevated interest rates persist. This analysis leads to a better understanding of market dynamics, helping buyers and sellers make informed decisions.
Buyers and sellers often let fear from headlines overshadow actual data, leading them to stay inactive in the housing market, according to Mike Simonsen at HousingWire.
Focusing on housing data helps counteract fears stemming from headlines, enabling participants in the market to understand shifting trends and their implications.
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