{"id":587,"date":"2006-10-31T06:23:50","date_gmt":"2006-10-31T13:23:50","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=587"},"modified":"2006-10-31T06:24:02","modified_gmt":"2006-10-31T13:24:02","slug":"business-journal-housing-market-could-bottom-out-in-six-months","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/587\/business-journal-housing-market-could-bottom-out-in-six-months\/","title":{"rendered":"Business Journal: “Housing market could bottom out in six months”"},"content":{"rendered":"

From The Business Journal of Phoenix<\/a>:<\/p>\n

The housing market could bottom out during the next six months, according to Metrostudy’s latest report on local real estate markets.<\/p>\n

“Cutbacks in new production, aggressive incentives by sellers, the exit of the majority of investors and the fundamental demographic support for housing demand are positive indicators for a housing turnaround by mid-2007,” said Mike Inselmann, president of the Richmond, Texas, company. “The Federal Reserve has ended its series of rate increases, and mortgage rates have dropped notably in the last few months,” he added.<\/p>\n

Phoenix continues to have one of the nation’s strongest economies, said Ben Sage, director of Metrostudy’s Arizona division. Even though job growth declined from a peak of more than 100,000 new jobs for the 12 months ending Sept. 30, 2005, the 91,900 jobs posted at the end of September 2006 puts the state at the top of the nation, he said.<\/p><\/blockquote>\n

It will take a few days for the errors to shake out of the MLS, but October’s Market Basket looks pretty weak: Sales down, prices down — but inventories continue their downward trend. Given that we’re headed into the holidays, it’s reasonable to expect the rest of the year to be slow.
\n<\/p>\n

Technorati Tags: arizona<\/a>, arizona real estate<\/a>, phoenix<\/a>, phoenix real estate<\/a>, real estate marketing<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

From The Business Journal of Phoenix: The housing market could bottom out during the next six months, according to Metrostudy’s latest report on local real estate markets. “Cutbacks in new production, aggressive incentives by sellers, the exit of the majority of investors and the fundamental demographic support for housing demand are positive indicators for a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","_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":"","jetpack_post_was_ever_published":false},"categories":[6,5],"tags":[],"class_list":{"0":"post-587","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-marketing","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":319,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/319\/more-august-housing-numbers-for-the-phoenix-area\/","url_meta":{"origin":587,"position":0},"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":[]},{"id":507,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/507\/arizona-economy-get-over-housing-bubble-economists-say-growth-remains-strong\/","url_meta":{"origin":587,"position":1},"title":"Arizona economy: “Get over housing bubble, economists say, growth remains strong”","author":"Greg Swann","date":"October 4, 2006","format":false,"excerpt":"I won't have September's numbers until tomorrow, but the news is not good for bubbleheads -- which is to say that the news is not bad for everyone else. Meanwhile, there's this from The Business Journal of Phoenix:Some of Arizona's leading economists believe the housing slowdown is a short-lived bump\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":5485,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5485\/how-the-new-president-is-going-to-prolong-the-housing-bust\/","url_meta":{"origin":587,"position":2},"title":"How the new president is going to prolong the housing bust","author":"Greg Swann","date":"November 10, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0How the new president is going to prolong the housing bust I'm writing this before the election, so I don't know who will have won by the time you read this. But here's something I do know:\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":[]},{"id":108,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/108\/phoenix-apartment-rents-up-74\/","url_meta":{"origin":587,"position":3},"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":326,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/326\/economist-elliott-pollacks-housing-market-analysis\/","url_meta":{"origin":587,"position":4},"title":"Economist Elliott Pollack’s housing market analysis","author":"Greg Swann","date":"September 12, 2006","format":false,"excerpt":"Phoenix and Tucson housing market analysis from Elliott Pollack:The economic fundamentals that have allowed Greater Phoenix to prosper have not changed. Our long term forecast remains positive.Note this slide: That's ostensibly bad news, since our affordability is down substantially over the last 6 years. But what's interesting to me is\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":[]},{"id":127,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/127\/oh-good-lord-theyve-got-one-of-our-own\/","url_meta":{"origin":587,"position":5},"title":"Oh, good lord! They’ve got one of our own!","author":"Greg Swann","date":"July 24, 2006","format":false,"excerpt":"This morning's Arizona Republic has a little featurette on a housing bubble weblog in Gilbert. It's called the Housing Doom Housing Bubble Blog, but I think would it be more sonorous if it were to be named the \"Housing Doom Housing Bubble Housing Blog\" or even the \"Housing Doom Housing\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\/587","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=587"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/587\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}