Altos Research: Existing Home Inventory at Record Low

"Investor/speculator activity merits attention"

Every Monday, I post some excerpts from the weekly Altos Research report. I recommend following Mike Simonsen on twitter.

Mike discusses their weekly data on YouTube here.

Here are Mike Simonsen’s tweets today:

Housing market continuing its relentless climb. Both median asking price and the price of the new listings ticked up this week. Median home price…