Altos Founder Mike Simonsen on the latest housing market trends

This week on the RealTrending podcast, Tracey sits down with Mike Simonsen, founder of Altos, to discuss his 2025 housing forecast, including home prices, mortgage rates, and affordability. He also talks about what changes he anticipates with the Trump administration, covers the role of immigration and labor in construction, and talks about how tariffs could affect market dynamics. Here’s a glimpse of what you’ll learn: Home sales are forecasted to increase slightly to 4.2 million, and home prices to increase by 3.5%. Affordability remains a critical challenge in the housing market. The construction industry heavily relies on immigrant labor. Tariffs could significantly increase building costs. There is a potential for rates to dip under 6% if conditions align. Related to this episode: Altos Mike Simonsen | LinkedIn Altos | YouTube HousingWire | YouTube More info about HousingWire Enjoy the episode! The RealTrending podcast features conversations with the brightest minds in real estate. Every Monday, brokerage leaders, top agents, team leaders, and industry experts join us to share their secrets to success, trends, and the lessons they’ve learned. Hosted by Tracey Velt and produced by the HousingWire Content Studio.