![\"Ya](\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg\")
\u201cA single Bloodhound once tracked a man for 130 miles. He wore out four<\/u> handlers. Your big-brain is cool and all, but it ain’t\u00a0everything.\u201d<\/p><\/div>For the past couple of years, I’ve had my eye out for a top to this market. That was when there was one \u2013 a market. Now there are zillions of real estate markets, no two alike, and what is going on in Greater Phoenix is necessarily counter-balanced by bad news in other hyper-local markets.<\/p>\n
I’ve been very concerned, lately, since surging valuations price out buyers, as do rising interest rates, sated irrational demand, etc. The investors I work with bought at 6:35 on the clock’s face \u2013 not the absolute bottom of the market, but just after it. Our goal is to sell at 11:55 in preference to 12:05. Knowing when high noon is impending is my job.<\/p>\n
And since Monday, my job is much easier. If we have another Summer of riots, Phoenix will continue to soar toward the ever-fecund sun. We are the world’s biggest suburb but we are still also the world’s biggest cow town. The state of Arizona has never not<\/em> been open-carry. We have almost none of what Ants are fleeing from<\/em> \u2013 and a cornucopian abundance of everything they are fleeing to.<\/em><\/p>\n All of this will be true nationwide: The cites being fled to<\/em> will continue to do well, going forward. Any pain in the real estate markets will be felt first, worst and longest in the cities being fled from.<\/em> Redfin, Zillow and the NAR all have the data to prove me wrong \u2013 if I am \u2013 and if they ever dare to admit that the riots are happening and that they are roiling real estate markets everywhere.<\/p>\n In other news:<\/em><\/strong><\/p>\n CNBC:<\/strong> Mortgage refinance demand hits lowest level in over a year, and homebuyers retreat, too.<\/a><\/p>\n Redfin:<\/strong> Are We In a Housing Bubble? Will the Housing Market Crash in 2021?<\/a><\/p>\n CNBC:<\/strong> \u2018When is the housing market going to crash?\u2019 is a red-hot search on Google \u2013 here\u2019s why.<\/a><\/p>\n The Blaze:<\/strong> Study: San Francisco lost the most residents of any major city in the United <\/a>Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" \u201cA single Bloodhound once tracked a man for 130 miles. He wore out four handlers. Your big-brain is cool and all, but it ain’t\u00a0everything.\u201dFor the past couple of years, I’ve had my eye out for a top to this market. That was when there was one \u2013 a market. Now there are zillions of real […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,26,6,5],"tags":[],"class_list":{"0":"post-18049","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-lending","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":4431,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4431\/so-what-does-this-mean-to-the-real-estate-markets-and-real-estate-professionals\/","url_meta":{"origin":18049,"position":0},"title":"So what does this mean to the real estate markets and real estate professionals?","author":"Tom Vanderwell","date":"September 15, 2008","format":false,"excerpt":"Since I've already had almost a dozen e-mails, phone calls and tweets asking me, \"So how does the financial meltdown on Wall Street impact me as a Realtor?\"\u00a0\u00a0 I thought I'd take a few minutes this morning and throw out some observations and thoughts of what it might look like.\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9538,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9538\/pardon-me-sir-but-have-you-seen-the-special-on-grey-poupon-at-wal-mart\/","url_meta":{"origin":18049,"position":1},"title":"“Pardon me sir, but have you seen the special on Grey Poupon at Wal Mart?”","author":"John Rowles","date":"August 17, 2009","format":false,"excerpt":"UPDATE: Buy the T-Shirt at Cafe Press! Yep, that's a Rolls Royce Phantom (2008 MSRP $340,000) in the parking lot of the Newport RI Wal Mart captured with my phone on Saturday. The headline is my best shot at a caption (YouTube has the old Grey Poupon commercial). What's yours?","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"rolls_royce_phantom_wal_mar","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2009\/08\/rolls_royce_phantom_wal_mar.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1634,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1634\/mgmmirages-citycenter-in-pictures\/","url_meta":{"origin":18049,"position":2},"title":"MGM\/Mirage’s CityCenter in pictures","author":"Greg Swann","date":"July 4, 2007","format":false,"excerpt":"I have written in the past about CityCenter, MGM\/Mirage's seven billion dollar city within the city of Las Vegas -- and I'll write more when I get back to my Macintosh. But here are some photos we shot yesterday at the sales center and on the construction site. A model\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/83\/the-top-ten-overpriced-real-estate-markets\/","url_meta":{"origin":18049,"position":3},"title":"The top ten overpriced real estate markets","author":"Greg Swann","date":"July 12, 2006","format":false,"excerpt":"From sellsius\u00b0 real estate blog, citing Forbes magazine, the top ten overpriced real estate markets:1. Essex County, MA 2. San Francisco, CA 3. San Jose, CA 4. Honolulu, HA 5. Cambridge, MA 6. New York City, NY 7. Tucson, AZ 8. Oakland, CA 9. Boston, MA 10. Los Angeles, CAI'm\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9363,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9363\/realbirds-free-idx-alternative-eeeeeaaaaahhhhaahhhhahhhhhhah\/","url_meta":{"origin":18049,"position":4},"title":"Realbird’s Free IDX Alternative: (Eeeee….aaaaahhhh…aahhhhahhhhhhah)","author":"Ryan Hartman","date":"July 30, 2009","format":false,"excerpt":"\u00a0 I just recently realized that Realbird offers the syndication based total IDX solution on the cheap for Real Estate Agents that I was talking about here a little while back. \u00a0 Considering the whole MIBOR thing that went down a few months back, here below is how we might\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"picture-23","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2009\/07\/picture-23.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10462,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10462\/the-next-step\/","url_meta":{"origin":18049,"position":5},"title":"The Next Step….","author":"Tom Vanderwell","date":"December 1, 2009","format":false,"excerpt":"I've had a lot of people ask me lately, \"Tom, what do you see is coming next?\u00a0\u00a0 What's the next step in this mess?\"A couple of thoughts at this point:Anyone short of Nouriel Roubini, Paul Krugman, Meredith Whitney and maybe a few others who tell you that they KNOW how\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=18049"}],"version-history":[{"count":3,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18049\/revisions"}],"predecessor-version":[{"id":18052,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18049\/revisions\/18052"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=18049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=18049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=18049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}