Mike Simonsen

After years of soaring prices and stalled sales, the U.S. housing market is showing early signs of a reset as affordability begins to improve, according to a leading real estate economist. Housing Affordability Improves As Home Prices Level Off Mike Simonsen, chief economist at residential...

With the seasonal peak of pending home sales behind us, the market is showing some changes that could impact future sales rates and prices.  What Happened: The total number of homes in the contract pending stage dipped to 389,000, down 3% from last week and 15% from the same time last year,...