{"id":2304,"date":"2007-12-01T21:05:37","date_gmt":"2007-12-02T04:05:37","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=2304"},"modified":"2007-12-01T22:14:40","modified_gmt":"2007-12-02T05:14:40","slug":"the-future-of-real-estate-sales","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2304\/the-future-of-real-estate-sales\/","title":{"rendered":"The Future of Real Estate Sales"},"content":{"rendered":"

The real news from the mortgage and residential real estate business just keeps getting better.<\/p>\n

\"total<\/p>\n

First the 30% of investor or 2nd home sales went away. Then the 20% of the market that was the sub-prime<\/a> business went away. Then the 10% of the market that was the alt-A<\/a> business went away. Those numbers may not be exact but those are about the right percentages nationally. In the Phoenix area the number of true “investor sales” was even higher. Particularly in the edge communities where foreclosures have now skyrocketed. Yes, those very same edge communities where numerous builders sold 10 – 15 homes to each<\/em> “investor” who wanted to buy them. Some of those subdivisions sales were primarily to “investors”. It is interesting to note that the amazing percentage<\/em> run up in foreclosures in the Phoenix area is due to us having almost none<\/u> a few years ago – back then everything could sell quickly. Drive through some of those neighborhoods on trash pick up day. Notice how few trash cans are out at the curb. (hint: a trash can at the curb = an occupied house)<\/p>\n

In my opinion, the drop in sales from about 10,000 resales a month to about 3,000 sales a month in our area isn’t going to be a “temporary thing”. Most of those extra sales were fueled by low cost, no real need to qualify, money that never should have been available in the first place. Here I am referring to the alt-A, the sub-prime and the stated income (liar loans). It never ceases to amaze me how people with money can find (or is it the other way around) really really stupid things to “invest” in. If they had all of the facts available, I don’t know anyone<\/u> who could have loaned money (their money) on 1st & 2nd liens, who would have made any of the 100% LTV sub-prime loans. No one who wanted to keep their money for later, anyway. Yet billions and billions of dollars were flooded into such “investments”. Now, after the horse is WAY out of the barn, they are really Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The real news from the mortgage and residential real estate business just keeps getting better. First the 30% of investor or 2nd home sales went away. Then the 20% of the market that was the sub-prime business went away. Then the 10% of the market that was the alt-A business went away. Those numbers may […]<\/p>\n","protected":false},"author":6,"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":[4,6,10],"tags":[],"class_list":{"0":"post-2304","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-disintermediation","7":"category-marketing","8":"category-realty-reality","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1593,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1593\/new-homes-sales-market-slowdowns-and-investor-irrationality-looks-like-its-time-to-face-a-correction\/","url_meta":{"origin":2304,"position":0},"title":"New Homes Sales, Market Slowdowns, and Investor Irrationality: Looks like its Time to Face a Correction","author":"Cooksquared","date":"June 28, 2007","format":false,"excerpt":"Tanking new homes sells should have real estate flippers and small investors worried. Today KB Homes reported a loss of $149 Million. Additionally, CEO Jeffrey Mezger remarked in the Wall Street Journal, \"We can't predict when market conditions will improve,\" essentially ensuring investors conditions will not improve next quarter. Homebuilders\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11261,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/11261\/what-if-twitter-and-facebook-go-away-do-you-have-an-exit-strategy\/","url_meta":{"origin":2304,"position":1},"title":"What if Twitter and Facebook go Away – Do you have an Exit Strategy?","author":"Scott Schang","date":"February 11, 2010","format":false,"excerpt":"Chris Pearson is a pretty smart dood.\u00a0 He's the developer of the Thesis theme that I use on all of my blogs.\u00a0 It's a pretty cool premium theme...but I'm not here to pitch Wordpress themes. 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If you know of a biggish Phoenix brokerage that could use my skills and assets, I'd appreciate the referral. --GSS I own a very small boutique real estate brokerage -- good reputation, strong good will, clean books,\u2026","rel":"","context":"In "Innovation"","block_context":{"text":"Innovation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/innovation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17874,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17874\/overnight-news-sonnys-windfalls-how-fortune-favors-the-well-prepared\/","url_meta":{"origin":2304,"position":3},"title":"Overnight News: Sonny\u2019s windfalls: How fortune favors the well-prepared.","author":"Greg Swann","date":"February 21, 2021","format":false,"excerpt":"I met Sonny through Tony. He had come to Arizona to look at possible rental homes with me, and Sonny, his business partner, came along with him. This was in 2005, and houses were tough to get. 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Here's a secret\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2304","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\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=2304"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2304\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=2304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=2304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=2304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}