{"id":55,"date":"2006-02-25T23:30:00","date_gmt":"2006-02-26T06:30:00","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=55"},"modified":"2006-02-25T23:30:00","modified_gmt":"2006-02-26T06:30:00","slug":"one-year-of-experience-eleven-times","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/55\/one-year-of-experience-eleven-times\/","title":{"rendered":"One year of experience eleven times…?"},"content":{"rendered":"

Our most favorite real estate oracle, Catherine Reagor of the Arizona Republic<\/i> weighs in<\/a> with some observations that may actually be as undefended as they are unthought out. In fairness to Ms. Reagor, I’ll quote her text as I explore it:<\/p>\n

Bad news for the many homeowners trying to sell: It’s likely only going to get tougher. <\/p>\n

The number of home listings in metro Phoenix is at an all-time high. In January, there were 30,113 houses for sale across the Valley. A year ago, there were 3,402.<\/p><\/blockquote>\n

The source for this is probably an article by Betty Beard, who is actually a responsible journalist. Witness<\/a>:<\/p>\n

The last time the Southeast Valley had listings in the 10,000 range was in late 2002 and early 2003, according to the Arizona Regional Multiple Listing Service Inc.<\/p><\/blockquote>\n

You see, like seemingly no one else at the Republic,<\/i> Betty Beard is aware that there were years prior to the completely anomalous 2005. Here’s more from Ms. Beard:<\/p>\n

Robert Rucker, the multiple listing service’s chief executive officer, said he couldn’t determine that 11,512 is a record because the records are not set up easily to compute that.<\/p><\/blockquote>\n

It may be that Ms. Reagor has a source for her claim that the current inventory is a record, but she doesn’t say who it might be. In any case, since a normal inventory prior to the completely anomalous 2005 was around 25,000 homes, and since we’ve built tens of thousands of new homes since then, it would be very difficult to say what is by now a normal market. The NAR’s standard for normal, a six-month absorption rate, is substantially longer than what we’re seeing locally.<\/p>\n

More from Ms. Reagor:<\/p>\n

Some sellers still don’t realize the housing market has deflated from last year’s peak. Not only are the bidding wars gone but so, too, are many of the buyers. Most of the speculators who sparked multiple offers on homes early last year are long gone, and there aren’t as many regular buyers because fewer can afford today’s higher home prices. The typical house costs 50 percent more, and the typical income climbed less than 5 percent in Read more<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Our most favorite real estate oracle, Catherine Reagor of the Arizona Republic weighs in with some observations that may actually be as undefended as they are unthought out. In fairness to Ms. Reagor, I’ll quote her text as I explore it: Bad news for the many homeowners trying to sell: It’s likely only going to […]<\/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-55","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":226,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/226\/the-reporters-prayer\/","url_meta":{"origin":55,"position":0},"title":"The Reporter’s Prayer . . .","author":"Greg Swann","date":"August 20, 2006","format":false,"excerpt":"On bended knee: \"May almighty god spare us from a world in which facts can be checked.\" Catherine Reagor in today's Arizona Republic:Check out the listings on homes: The phrase \"motivated investor\" describing the seller is pretty common.There are 46,680 active listings in the Arizona Regional Multiple Listings Service right\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":280,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/280\/trends-are-changing-daily-is-that-real-estate-news-or-a-weather-report\/","url_meta":{"origin":55,"position":1},"title":"“Trends are changing daily” — is that real estate news or a weather report?","author":"Greg Swann","date":"September 3, 2006","format":false,"excerpt":"\"Trends are changing daily,\" says Catherine Reagor in her column in the Arizona Republic. Was I a younger man, I might trouble myself to wonder about a \"trend\" that lasts less than a day. But I am older, by now, and wiser, and sick to death of picking on Catherine\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":199,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/199\/butler-prices-down-sales-up-logic-sideways\/","url_meta":{"origin":55,"position":2},"title":"Butler: Prices down, sales up, logic sideways . . .","author":"Greg Swann","date":"August 11, 2006","format":false,"excerpt":"Catherine Reagor in today's Republic:Home prices dipped slightly in July, but sales inched up from June. The median home price of a used Valley home fell to $264,900 last month, after climbing to a record $267,000 in June. There were 5,545 resales in July, compared with 5,460 the month before,\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":480,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/480\/smaller-lot-sizes-it-lets-the-builder-provide-a-finished-home-at-a-lower-overall-cost\/","url_meta":{"origin":55,"position":3},"title":"Smaller lot sizes: “It lets the builder provide a finished home at a lower overall cost.”","author":"Greg Swann","date":"September 27, 2006","format":false,"excerpt":"This morning brings a very thorough story by Betty Beard in the Arizona Republic about shrinking lot sizes. For my money, Betty Beard is the best and least tendentious real estate reporter at the Republic. Technorati Tags: arizona, arizona real estate, phoenix, phoenix real estate, real estate, real estate marketing","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":1312,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1312\/zillows-arizona-valuations-questioned-since-the-beginning\/","url_meta":{"origin":55,"position":4},"title":"“Zillow’s Arizona valuations questioned since the beginning”","author":"Greg Swann","date":"April 17, 2007","format":false,"excerpt":"So says Arizona Republic real estate reporter Catherine Reagor in her pretend weblog. It's true, too. Zestimates were questioned from the beginning. Just not by Reagor... < ?php include(\"Zapraisails.php\"); ?> Technorati Tags: arizona, arizona real estate, blogging, phoenix, phoenix real estate, real estate, real estate marketing","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":657,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/657\/reagor-mortis-on-the-spot-real-estate-news-coverage-only-a-few-weeks-late\/","url_meta":{"origin":55,"position":5},"title":"Reagor-mortis? On-the-spot real estate news coverage only a few weeks late . . .","author":"Greg Swann","date":"November 19, 2006","format":false,"excerpt":"October 26th: NCRC files specious complaint against Zillow.com. November 19th: Crack Arizona Republic real estate reporter Catherine Reagor yawns, burps, goes back to sleep:The popular Web site zillow.com gets a lot of hits as people frequently check the values of their homes and their neighbors' in the fast-changing housing market.\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/55","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=55"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/55\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=55"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=55"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=55"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}