Michael Simonsen News Today

A proposed sales tax hike could appear on the November 2024 ballot and if passed could boost city revenue by $400 million a year

Dorschner Kahl Architects and Heine Mildner Architects have collaborated on a multi-generational housing scheme in Germany.

"I'm ready to throw in the towel," one buyer said after looking unsuccessfully for 18 months. 

We're delivering an agenda at HW Annual that addresses what you need to start off 2024 as a leading housing professional.

The number of homes for sale in Southern California has fallen to start the year, a reversal of normal trends as high mortgage rates keep sellers on the sidelines.

Altos Research said housing inventory is building at a much slower pace than predicted at the beginning of the summer.

Altos Research said housing inventory is building at a much slower pace than predicted at the beginning of the summer.

High housing prices have been seen as a key inflationary driver over the past few months, and the direction that the market takes now could be yet ano

In a video to agents sure to cause a stir, Altos Research CEO Michael Simonsen posits that the worst the industry may face is a contraction, not a crash.

In a significant shift in the market, fewer homes are going into escrow, inventory is rising and sellers are increasingly cutting their asking prices.