{"id":26,"date":"2005-12-13T20:50:00","date_gmt":"2005-12-14T03:50:00","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=26"},"modified":"2005-12-13T20:50:00","modified_gmt":"2005-12-14T03:50:00","slug":"cloud-mining-the-news","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/26\/cloud-mining-the-news\/","title":{"rendered":"Cloud-mining the news…"},"content":{"rendered":"

The Business Journal of Phoenix<\/a> is first with the news of November’s overall appreciation numbers:<\/p>\n

[T]he median home price is back on the rise. After a decline in October to $259,900, the price returned to the record level of $263,000 set in September.<\/p><\/blockquote>\n

The Business Journal<\/i> is a boring old just-the-facts kind of paper, so we’ll have to wait for the Arizona Republic<\/i> to discover a cloud wrapped around the silver lining. We already know from the Bloodhound Market-Basket of Homes<\/a> that the price news that actually matters is relatively good. And for reasons unknown, the seemingly unfounded claim<\/a> By Dr. Jay Butler of ASU that some huge proportion of currently offered homes are investor-owned does not appear in this report. It will be interesting to see how the Republic<\/i> handles this, too.<\/p>\n

That fact that the news is very good–prices are holding and we’ve set a record pace for the year–calls even greater attention to the amazing number of doom<\/a> and gloom<\/a> stories that have appeared lately. The Federal Reserve Bank raised its interest rates again yesterday, so presumably we can look forward to more misinformation about how this relates to mortgage rates. Sellers are having to wait quite a bit longer to reap their windfalls of 50%-100%, so maybe that will be the flavor-of-the-month outrageous tragedy to turn good news into bad.<\/p>\n

It’s all one, really. Either you can see the sky with your own eyes or you are doomed to take someone’s word about it. I don’t look for clouds to whine about in the clear Arizona skies, but I don’t encourage anyone to trust my testimony, either. I work from facts and reasonable–meaning pessimistic–inferences based on those facts. I’m happy enough to tell you what I think, but I can’t think for<\/i> you. In any case, I am not a Pollyanna. I don’t care for the despair-mongering and sky-is-falling predictions that appear in the public prints, but only because these are contrary to the actual, uncontested evidence of experience in the Phoenix-area market.<\/p>\n

So here’s some really<\/i> good news from RealEstateJournal.com<\/a>: The Chicago Mercantile Exchange is about to start a Real Estate Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Business Journal of Phoenix is first with the news of November’s overall appreciation numbers: [T]he median home price is back on the rise. After a decline in October to $259,900, the price returned to the record level of $263,000 set in September. The Business Journal is a boring old just-the-facts kind of paper, so […]<\/p>\n","protected":false},"author":2,"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":[2],"tags":[],"class_list":{"0":"post-26","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-general","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":84,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/84\/real-estate-market-healthier-than-reported-news-market-rancid\/","url_meta":{"origin":26,"position":0},"title":"Real estate market healthier than reported; news market rancid","author":"Greg Swann","date":"July 13, 2006","format":false,"excerpt":"Thrills, chills, front-page headlines -- everything but the truth. It's a way of life for Dr. Jay Butler of the The Arizona Real Estate Center. Today's Republic trumpets June was cold month for resales:The Valley's resale housing market took a hard fall in June, its worst performance for the month\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":100,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/100\/the-sky-is-always-falling-except-when-it-isnt\/","url_meta":{"origin":26,"position":1},"title":"The sky is always falling — except when it isn’t…","author":"Greg Swann","date":"July 18, 2006","format":false,"excerpt":"Foreclosures are up in Arizona for the first six months of 2006, as compared with the last six months of 2005. The will be cause for sustained gloating at the Arizona Republic, so here is the real news, from the Business Journal of Phoenix, before it goes through the Spin\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":10,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10\/a-cloud-for-every-silver-lining\/","url_meta":{"origin":26,"position":2},"title":"A cloud for every silver lining…","author":"Odysseus","date":"November 16, 2005","format":false,"excerpt":"The story is headlined \"Valley's home market No. 1.\" The news is that median home prices in the Phoenix area are up 55.2% from the third quarter of 2004 to the third quarter of 2005. But, of course, the article immediately veers into doom and gloom, so it's important to\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/115\/apartment-rental-rates-in-valley-surge\/","url_meta":{"origin":26,"position":3},"title":"Apartment-rental rates in Valley surge","author":"Greg Swann","date":"July 21, 2006","format":false,"excerpt":"I was wrong. The Republic did cover the increase in apartment rents corresponding to a drop in vacancy rates. And only two days later than the Las Vegas Review-Journal. Technorati Tags: arizona, arizona real estate, phoenix, phoenix real estate, real estate","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/108\/phoenix-apartment-rents-up-74\/","url_meta":{"origin":26,"position":4},"title":"Phoenix apartment rents up 7.4%","author":"Greg Swann","date":"July 20, 2006","format":false,"excerpt":"Site cite: Las Vegas Review-Journal. Rents are up and vacancies are down across the board in rental housing. The Republic could take notice, except it's too busy telling itself that real estate investors cannot possibly know what they're doing. Technorati Tags: arizona, arizona real estate, phoenix, phoenix real estate, real\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":319,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/319\/more-august-housing-numbers-for-the-phoenix-area\/","url_meta":{"origin":26,"position":5},"title":"More August housing numbers for the Phoenix area . . .","author":"Greg Swann","date":"September 11, 2006","format":false,"excerpt":"Dr. Jay Butler of ASU has his August numbers out, and his report is faithfully echoed by The Business Journal of Phoenix. The big news: 2006 is not 2005. Who knew? The real news? August was not great but not awful. You heard it here first, And second. Fifth place\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/26","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=26"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/26\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=26"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=26"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=26"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}