4.8 • 2K Ratings
🗓️ 5 August 2024
⏱️ 39 minutes
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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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