{"id":5010,"date":"2008-10-16T09:53:44","date_gmt":"2008-10-16T16:53:44","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=5010"},"modified":"2008-10-16T10:49:02","modified_gmt":"2008-10-16T17:49:02","slug":"what-happens-to-the-early-worm","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5010\/what-happens-to-the-early-worm\/","title":{"rendered":"What Happens to the Early Worm?"},"content":{"rendered":"

Quite a while back I asked a question, if the early bird gets the worm, what is the early worms reward for being early? In this tumultuous market we have already seem many early worms. Several months ago a lot of people began jumping back into real estate only to be crushed by the weight of numerous new market developments. But surely the worst is behind us? Think again early worms…<\/p>\n

Real Estate is as slow as the stock market is fast. It takes time for sellers to get desperate enough to lower their price and it takes time for buyers\u2019 incomes to rise to the level where they can afford housing prices. The income \/ price equation did not get out of whack overnight, so buyers and sellers should not expect it to correct itself overnight either.<\/p>\n

The Bloodhound Blog is a very deceptive place. You are looking at some of the best real estate agents in the business here. So when they write that their business has not dropped off, it might lead the casual reader to believe that the real estate market is not in a tailspin or even that real estate is close to a bottom. Do not be lulled into a false sense of optimism. This group is adaptable, smart and most of all well above average.<\/p>\n

Consider these national facts about the economy and then let\u2019s draw some conclusions about the future of real estate (taken from the latest release of the Biege Book<\/a> and other financial sources):<\/p>\n

-Consumer spending is down
\n-Manufacturing is down and declining
\n-Jobless claims are up and rising
\n-Housing remains weak
\n-Housing inventory remains well above average
\n-Dow Jones has dropped nearly 40% over the past six months<\/p>\n

The most significant thing on the list above has to be the decline in the stock market. This represents a decline in confidence in the global economy. This level of decline says that investors believe businesses could be in for sustained economic distress. It stands to reason that businesses in distress tighten their belts by laying off workers and Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Quite a while back I asked a question, if the early bird gets the worm, what is the early worms reward for being early? In this tumultuous market we have already seem many early worms. Several months ago a lot of people began jumping back into real estate only to be crushed by the weight […]<\/p>\n","protected":false},"author":16,"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":[8,5],"tags":[],"class_list":{"0":"post-5010","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-investment","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1578,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1578\/buying-foreclosure-properties-dont-be-the-early-worm\/","url_meta":{"origin":5010,"position":0},"title":"Buying Foreclosure Properties? Don’t Be the Early Worm…","author":"Cooksquared","date":"June 25, 2007","format":false,"excerpt":"The old adage \"the early bird gets the worm\" points to the advantage of being first to market. But, has anyone ever thought about the early worm, clearly he was not so lucky. Many of the people who are jumping into the foreclosure market now may be the early worms.\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":18028,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18028\/overnight-news-if-ibuyers-sell-slowly-and-weakly-in-an-impossibly-easy-market-how-much-worse-will-they-do-when-the-worm-turns\/","url_meta":{"origin":5010,"position":1},"title":"Overnight News: If iBuyers sell slowly and weakly in an impossibly-easy market, how much worse will they do when the worm\u00a0turns?","author":"Greg Swann","date":"April 7, 2021","format":false,"excerpt":"Real estate is kids and dogs, but real estate sales is entrepreneurs. I was interviewed yesterday on the future prospects of the big-name iBuyers, whose numbers are everyday augmented by many, many no-name iBuyers. I'm a bear, of course. When the market turns, the slow-selling pontificating poindexters will discover why\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":637,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/637\/once-more-unto-the-breach-assailing-buyers-from-a-different-direction\/","url_meta":{"origin":5010,"position":2},"title":"Once more unto the breach: Assailing home-buyers from a different direction . . .","author":"Greg Swann","date":"November 13, 2006","format":false,"excerpt":"We are forever indebted to Richard Riccelli. The ad shown below is another attempt to persuade buyers to think about what they're paying for buyer representation, and how they might pay less. This approach was suggested by Richard, and he out-and-out wrote about half the copy. If we had to\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":5017,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5017\/point-counter-point\/","url_meta":{"origin":5010,"position":3},"title":"Point \/ Counter-Point","author":"Sean Purcell","date":"October 16, 2008","format":false,"excerpt":"Michael Cook wrote a thought provoking post earlier entitled What Happens to the Early Worm.\u00a0 So thought provoking that I found my comments drifting to post length.\u00a0 So how about a little point\/counter-point? Michael, a very detailed and thoughtful post. I would not disagree with you that cautiousness is a\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":17237,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17237\/overnight-news-the-good-news-is-the-bad-news-wont-last-forever\/","url_meta":{"origin":5010,"position":4},"title":"Overnight News: The good news is the bad news won\u2019t last forever.","author":"Greg Swann","date":"October 4, 2020","format":false,"excerpt":"Eric Blackwell wants you to think positive \u2013 and who could blame him? We are 30 days from the election, and I predict 30 days of October Surprises \u2013 some of them planned. The worm is about to turn on the real estate news, too: Unsold listings aren't news until\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"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":17844,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17844\/overnight-news-has-the-worm-turned-on-inventory\/","url_meta":{"origin":5010,"position":5},"title":"Overnight News: Has the worm turned on\u00a0inventory?","author":"Greg Swann","date":"February 15, 2021","format":false,"excerpt":"I have an MLS search that is almost always open on my screen: \u201cColdwater Springs one story no pools no golf one month.\u201d My naming convention is obvious, and that one little search informs more than half of my world: The majority of the properties we manage fit that profile,\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/5010","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\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=5010"}],"version-history":[{"count":2,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/5010\/revisions"}],"predecessor-version":[{"id":5016,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/5010\/revisions\/5016"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=5010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=5010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=5010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}