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Animal Spirits Podcast

Talk Your Book: The Housing Market with Mike Simonsen

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.82K Ratings

🗓️ 5 August 2024

⏱️ 39 minutes

🧾️ Download transcript

Summary

On today's Talk Your Book, we are joined by Mike Simonsen, Founder and President of real estate analytics firm Altos Research to discuss how easy to access real estate data has affected buyers, the effects rates have on buyers and sellers, a realistic scenario for a housing market correction, thoughts on the iBuyer phenomenon, and much more! Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to Animal Spirits, a show about markets, life and investing.

0:09.0

Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.

0:14.0

All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion

0:18.8

of Redhol's wealth management.

0:20.4

This podcast is for informational purposes only and should not be relied upon for any investment decisions.

0:26.0

Clients of Ritholz wealth management may maintain positions in the securities discussed in this podcast. We're joined today by Mike Simonson from Altos Research.

0:37.0

Mike, Altos was acquired in the past few years.

0:40.0

Is that correct?

0:41.0

That's right, we are now part of Housing Wire, which is a bigger media company and media data in the housing market, mortgages.

0:50.0

Okay, we know Housing Wire from our friend of the show, Logan Motor Shani.

0:54.0

That's right. So you guys are all, you guys aren't, you guys like teamed up like the

0:56.2

Avengers.

0:57.2

Wait, one more question on Altos, before we get to all the housing stuff, who are your customers?

1:00.1

What's the core business?

1:01.1

So the core business is, so Altos, we track every home for sale in the country,

1:04.0

every week, all the pricing, all the supply and demand, and we have two sets of core customers.

1:09.1

One are the realtors and the loan officers,

1:13.0

people who have to help consumers understand

1:15.8

what's happening in the housing market.

1:17.6

You know, like, the market's changing every day

1:21.1

and if I'm shopping for a house house I need to understand what's happening.

1:25.0

So we help do we do like local market reports for those folks.

...

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