{"id":18091,"date":"2021-04-30T08:31:06","date_gmt":"2021-04-30T15:31:06","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=18091"},"modified":"2021-04-30T08:31:06","modified_gmt":"2021-04-30T15:31:06","slug":"overnight-news-george-floyd-may-be-the-suburban-real-estate-salesman-of-the-decade-but-its-anyones-guess-what-is-happening-to-real-estate-values-in-the-rioted-cities","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18091\/overnight-news-george-floyd-may-be-the-suburban-real-estate-salesman-of-the-decade-but-its-anyones-guess-what-is-happening-to-real-estate-values-in-the-rioted-cities\/","title":{"rendered":"Overnight News: George Floyd may be the suburban real estate salesman of the decade, but it\u2019s anyone\u2019s guess what is happening to real estate values in the rioted\u00a0cities."},"content":{"rendered":"<p><div id=\"attachment_16586\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-16586\" class=\"size-medium wp-image-16586\" src=\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg\" alt=\"Ya think it's easy?\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg 300w, https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage.jpg 320w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-16586\" class=\"wp-caption-text\">\u201cIt&#8217;s a brave new world at the dog park. Have fun \u2013 but watch where you\u00a0step.\u201d<\/p><\/div><a href=\"https:\/\/www.redfin.com\/news\/housing-market-update-home-prices-up-20-pct\/\" rel=\"noopener\" target=\"_blank\">Redfin has more home-price ballyhoo this morning,<\/a> but it answers none of my standing questions:<\/p>\n<ul>\n<li>Where is all this new demand coming from, and what so-far undocumented vacancy is it leaving behind?<\/li>\n<li>What is happening to real estate values in the core \u2013 not the ring suburbs \u2013 of the rioted cities?<\/li>\n<li>And while we&#8217;re about it, what is a &#8220;home&#8221; to Redfin in articles like these: Any ownable domicile or just single-family detached residences on bucolic, fee-simple suburban lots?<\/li>\n<\/ul>\n<p>Lots of new puppies last year, but almost no new babies. If the balloon is bulging for puppy-perfect housing, it is being squeezed somewhere. Redfin knows the answers to my questions \u2013 and they can&#8217;t just be my concerns. It would be nice if someone were to tell the whole truth.<\/p>\n<p><strong><em>In other news:<\/em><\/strong><\/p>\n<p><strong>Housing Wire:<\/strong> <a href=\"https:\/\/www.housingwire.com\/articles\/pending-home-sales-rebound-in-march\/\" target=\"_blank\" rel=\"noopener noreferrer\">Pending home sales rebound in March.<\/a><\/p>\n<p><strong>Redfin:<\/strong> <a href=\"https:\/\/www.redfin.com\/news\/new-construction-q1-2021\/\" target=\"_blank\" rel=\"noopener noreferrer\">Newly Built Homes Make Up 26% of All Single-Family Homes for Sale\u2014A Record High.<\/a><\/p>\n<p><strong>Michael Tracey:<\/strong> <a href=\"https:\/\/mtracey.substack.com\/p\/one-year-after-george-floyd-minneapolis?fbclid=IwAR1KDI6QniZXOOvNtvnSPG8EiJQwxZBQzX9VicCR0PU4S8aNrVO9NMs5LSA\" target=\"_blank\" rel=\"noopener noreferrer\">One Year After George Floyd, Minneapolis Is \u201cMurderapolis\u201d Again.<\/a><\/p>\n<p><strong>Architectural Digest:<\/strong> <a href=\"https:\/\/www.architecturaldigest.com\/story\/artist-faked-billionaire-photograph-new-york-citys-best-views\" target=\"_blank\" rel=\"noopener noreferrer\">This Artist Faked Being a Billionaire to Photograph New York City&#8217;s Best Views.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cIt&#8217;s a brave new world at the dog park. Have fun \u2013 but watch where you\u00a0step.\u201dRedfin has more home-price ballyhoo this morning, but it answers none of my standing questions: Where is all this new demand coming from, and what so-far undocumented vacancy is it leaving behind? What is happening to real estate values in [&hellip;]<\/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-18091","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":17852,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17852\/overnight-news-the-price-pressure-is-inflation-but-the-underlying-demand-highly-localized-is-fear\/","url_meta":{"origin":18091,"position":0},"title":"Overnight News: The price pressure is inflation, but the underlying demand \u2013 highly localized \u2013 is\u00a0fear.","author":"Greg Swann","date":"February 17, 2021","format":false,"excerpt":"Housing prices surged, post-pandemic. Redfin, et al, like to blame that ephemeral flu because it permits them to whitewash (ahem) \u2013 perhaps to redline (bada-bing!) \u2013 all the riot-evacuated neighborhoods. Our recently-massively-inflated money supply might seem to account for the price increases, but \u2013 now more than ever \u2013 all\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18043,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18043\/overnight-news-if-you-cannot-possibly-admit-that-the-ants-are-fleeing-the-grasshoppers-what-do-you-call-the-last-year-the-great-reshuffling\/","url_meta":{"origin":18091,"position":1},"title":"Overnight News: If you cannot possibly admit that the Ants are fleeing the Grasshoppers, what do you call the last year? \u201cThe Great Reshuffling\u201d","author":"Greg Swann","date":"April 12, 2021","format":false,"excerpt":"What's \"The Great Reshuffling\"? That, apparently, is the name that is to be given to the lies about why so many Americans have moved since May 25th, 2020. Given the way these propaganda campaigns go, I would look into Critical Theory or \"Great Reset\" literature for the origin of the\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18339,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18339\/overnight-news-hey-redfin-how-can-you-tell-the-fever-has-broken-on-the-real-estate-market-frenzy-gun-sales-were-down-in-june\/","url_meta":{"origin":18091,"position":2},"title":"Overnight News: Hey, Redfin: How can you tell the fever has broken on the real estate market frenzy? Gun sales were down in\u00a0June.","author":"Greg Swann","date":"July 23, 2021","format":false,"excerpt":"I mock Redfin a lot, but it's only because they deserve it. Probably, Zillow has been lying about the rioting for thirteen solid months, too, but Redfin just has the more-mockworthy Marxist take on things. So, as everybody knows, the red-hot real estate market that succeeded the demise of George\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18001,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18001\/overnight-news-americas-wealthiest-people-are-about-to-discover-just-how-much-poor-undocumented-and-homeless-people-deserve-to-live-in-vacant-office-buildings\/","url_meta":{"origin":18091,"position":3},"title":"Overnight News: America\u2019s wealthiest people are about to discover just how much poor, undocumented and homeless people deserve to live in vacant office\u00a0buildings.","author":"Greg Swann","date":"March 26, 2021","format":false,"excerpt":"I've been expecting this news for a while, but I didn't know how it would play out. Given the incipient housing crisis ballooning on the border, I thought China Joe might make mention of it yesterday. Vide: There is a huge surplus of effectively-abandoned housing building up in the rioted\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18055,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18055\/overnight-news-if-there-is-a-housing-shortage-where-is-the-corresponding-surplus\/","url_meta":{"origin":18091,"position":4},"title":"Overnight News: If there is a housing shortage, where is the corresponding\u00a0surplus?","author":"Greg Swann","date":"April 16, 2021","format":false,"excerpt":"If you haven't guessed, I am sick of being lied to about the further consequences of the riots. The real estate media is thrilled to tell us about hot markets in placid places, but only local media and the alt.press address the devastation in the rioted cities. Is there actual\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18253,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18253\/overnight-news-if-we-cant-make-faking-a-hate-crime-criminal-can-we-at-least-make-it-embarrassing\/","url_meta":{"origin":18091,"position":5},"title":"Overnight News: If we can\u2019t make faking a hate crime criminal, can we at least make it embarrassing?","author":"Greg Swann","date":"June 23, 2021","format":false,"excerpt":"\u201cThey spray-painted all over our building \u2013 in our own incomprehensible jargon!\u201d The quote is a joke, but, alas, the news story is not. If that's not a fake hate crime, bill me for one edible hat. If instead it turns out to be a fund-raiser, try to cultivate some\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18091","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=18091"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18091\/revisions"}],"predecessor-version":[{"id":18092,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18091\/revisions\/18092"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=18091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=18091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=18091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}