This webinar, featuring presentations by Rick Sharga, EVP of Market Intelligence for ATTOM and Mike Simonsen, Founder and CEO of Altos Research, offers an in-depth analysis into current housing market conditions, an overview of the state of the economy, and a dive into the latest data on sales prices, inventory, home affordability, the distressed market and more.
During this webinar, Rick presents the U.S. economic update, examining key metrics, including a detailed look at how GDP is trending, employment recovery, labor shortage, wage growth, inflation rate, consumer spending, consumer confidence and recession forecasts.
Also during this webinar, Mike Simonsen provides a look at U.S. housing market data trends, exploring various comparisons, from existing and new home sales, to mortgage rate trends, home affordability, home prices, investor activity and inventory trends.
A few of the key points Mike presents based on the data include:
- May 2022 shows the 10th straight month of lower existing home sales.
- New home sales are falling quickly.
- Increasing interest rates and prices are impacting affordability.
- Inventory is growing rapidly, while demand may be weakening.
Rick continues the conversation by jumping into foreclosure activity, examining forbearance trends by investor type, borrower exit rationale, mortgage delinquency rates, foreclosure starts and foreclosure completions over time.
A few of the key points Rick presents based on the data include:
- GDP is showing signs of weakening, as employment has almost fully recovered.
- Labor shortage pushes wage growth higher, and inflation is at the highest rate in over 40 years.
- Over 400,000 loans remain in forbearance; however, delinquencies are back to normal levels.
- Foreclosure activity is still well below normal, and foreclosure starts are even less.
This webinar also provides an overview of ATTOM’s core value proposition and breadth of data solutions. ATTOM is the one-stop shop for premium property data fueling innovation, ATTOM provides analytics-ready data for real-world applications. ATTOM blends property tax, deed, mortgage, foreclosure, environmental risk, natural hazard and neighborhood data for more than 155 million U.S. residential and commercial properties, multi-sourced from more than 3,000 U.S. counties. ATTOM’s property data fuels growth across many industries to help drive decisions while delivering data in a variety of flexible customer solutions, including bulk data licensing, property data APIs and introducing ATTOM Cloud.
ATTOM’s robust property data is leveraged by customers to innovate in a variety of industries, including Real Estate, Insurance, Mortgage, Marketing, Government and Academia. By utilizing ATTOM’s robust property data, ATTOM clients not only create innovation but gain that competitive advantage within their industries. End-users of the data include developers, data scientists, risk managers, investors, policymakers and analysts. Discover ATTOM’s Table of Data Elements.
Altos Research is the premier resource for real-time real estate data, providing weekly market statistics, analysis and reporting for 99% of the zip codes in the U.S., and helping real estate professionals, investors, financial institutions, and their clients make better-informed decisions. Traditional real estate analysis uses highly latent, regional data that can lag several months behind what’s currently happening in the market. Altos uses proprietary technology to analyze how the market is doing right now, neighborhood by neighborhood, so clients can start each week with real-time, actionable intelligence.
Altos was founded in 2006 by Mike Simonsen, a real estate analytics pioneer whose insights are regularly cited in national media such as Forbes, New York Times, Bloomberg BusinessWeek and the Wall Street Journal. Over the past 15 years, Altos has helped thousands of real estate professionals and many of the largest financial institutions in the world build their businesses through better understanding of the real estate market.
Want to learn more about housing market trends in your market?
Click here to listen to the entire webinar.