{"id":18156,"date":"2021-05-19T07:04:47","date_gmt":"2021-05-19T14:04:47","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=18156"},"modified":"2021-05-19T07:04:47","modified_gmt":"2021-05-19T14:04:47","slug":"overnight-news-single-family-home-buyers-are-coming-from-somewhere-whats-going-on-with-the-housing-they-fled","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18156\/overnight-news-single-family-home-buyers-are-coming-from-somewhere-whats-going-on-with-the-housing-they-fled\/","title":{"rendered":"Overnight News: Single-family home buyers are coming from somewhere.<\/em> What\u2019s going on with the housing they\u00a0fled?"},"content":{"rendered":"

\"Ya

\u201cNow you understand why dogs eat so fast, don’t\u00a0you?\u201d<\/p><\/div>In 2006, we sold bedrooms without beds: Acres and acres of homes with no ready residents. Totally a cargo cult, of course: Houses are valuable even with no one to occupy them. But for a while you could flip a new build at COE for $50k more than the contract price \u2013 held with a $3,000 earnest deposit ten months earlier.<\/p>\n

That would be money for nothing, a great little candy machine while it lasted.<\/p>\n

The situation in Phoenix right now is nothing like that: Builders can’t build, anyway, and there are bodies and then some for every bedroom \u2013 at least in fee simple housing. What’s going on in multi-family? What’s happening in all those garden-apartment complexes \u2013 more arriving daily?<\/p>\n

Meanwhile, all the happy-babble real estate “news” from other cities is also<\/em> all about single-family detached housing \u2013 so what is happening with less-spacious domiciles there?<\/p>\n

This is demand without supply, not supply without demand. Where is it coming from? Specifically, which homes are being abandoned to ignite this mad conflagration for single-family housing?<\/p>\n

In other news:<\/em><\/strong><\/p>\n

Housing Wire:<\/strong> Mortgage applications increase for second straight week.<\/a><\/p>\n

CNBC:<\/strong> Home construction sees biggest drop since pandemic hit. Here\u2019s why.<\/a><\/p>\n

Housing Wire:<\/strong> Seattle\u2019s already-hot real estate market is exploding.<\/a><\/p>\n

Jason Rantz:<\/strong> Activist plans taxpayer-funded CHOP block party a year after murders, attempted rape.<\/a><\/p>\n

Brad Polumbo:<\/strong> New Poll Shows How Riots Have Doomed Downtown Portland.<\/a><\/p>\n

Cato Institute:<\/strong> Will the Supreme Court Overturn the Infamous Takings Decision of Kelo v. City of New London?<\/a><\/p>\n

Joel Kotkin:<\/strong> The Rise of Corporate-State Tyranny.<\/a><\/p>\n

Angelo Codevilla:<\/strong> Censorship, Masks, Vaccines, Right, and Revolution: Surrender to today\u2019s oligarchic priorities augurs no peace for tomorrow.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cNow you understand why dogs eat so fast, don’t\u00a0you?\u201dIn 2006, we sold bedrooms without beds: Acres and acres of homes with no ready residents. Totally a cargo cult, of course: Houses are valuable even with no one to occupy them. But for a while you could flip a new build at COE for $50k more […]<\/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-18156","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":17719,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17719\/overnight-news-whats-the-best-way-to-get-a-listing-sold-tell-the-truth-quickly\/","url_meta":{"origin":18156,"position":0},"title":"Overnight News: What\u2019s the best way to get a listing sold? Tell the truth \u2013 quickly.","author":"Greg Swann","date":"January 16, 2021","format":false,"excerpt":"Since 2014, I've playing with a contrarian listing praxis born out of my own frustrations representing buyers. Bidding in the dark is dumb. Being coy about what the principals will or won't do is dumb. Paperwork for its own sake is dumb. What I do by now is radically transparent\u2026","rel":"","context":"In "Group Therapy"","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":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":18156,"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":3282,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3282\/casual-friday-caption-this-photo\/","url_meta":{"origin":18156,"position":2},"title":"Casual Friday: Caption this photo","author":"Greg Swann","date":"June 27, 2008","format":false,"excerpt":"My entry: \"Because I happen to like Argyle socks, that's why!\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3822,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3822\/caption-this-photo-president-bush-at-the-olympics\/","url_meta":{"origin":18156,"position":3},"title":"Caption this photo: President Bush at the Olympics","author":"Greg Swann","date":"August 9, 2008","format":false,"excerpt":"My entry: \"A gentleman always makes eye-contact.\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8385,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8385\/caption-me-this-magnum\/","url_meta":{"origin":18156,"position":4},"title":"Caption Me This Magnum","author":"Brian Brady","date":"May 13, 2009","format":false,"excerpt":"My vote?\u00a0 \"Who let Higgins in to your closet, Thomas? \" Sometimes, you just gotta have a sense of humor.","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3289,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3289\/shout-out-a-toast-to-life-abundant-and-caption-this-photo\/","url_meta":{"origin":18156,"position":5},"title":"Shout out a toast to life abundant — and caption this photo","author":"Greg Swann","date":"June 28, 2008","format":false,"excerpt":"Sez me: \"Bill Gates stole this facial expression from me and I want it back!\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18156","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=18156"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18156\/revisions"}],"predecessor-version":[{"id":18157,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18156\/revisions\/18157"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=18156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=18156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=18156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}