Recording date: March 19, 2024

Dan Green of Homebuyer.com talks with Mike Simonsen from @AltosResearch about this week's changes in the housing market. The conversation covers data including changes in home inventory, immediate home sales, and changes in home sale prices. Simonsen notes a slight increase in home inventory and immediate sales compared to last year, with 30.9% of homes experiencing price reductions. This trend is attributed to a lighter demand than expected, rather than incorrect pricing by sellers. Additionally, the recent $418 million NAR settlement regarding real estate commissions is mentioned, although its impact on the market is yet to be seen.

00:00 Introduction
00:06 This Week's Home Inventory Trends
00:32 This Week's Immediate Home Sales
01:03 This Week's Home Price Reductions
02:37 Anticipating the Impact of the NAR Settlement
03:13 Looking Ahead: Closing Remarks

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