{"id":59,"date":"2006-03-19T06:44:00","date_gmt":"2006-03-19T13:44:00","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=59"},"modified":"2006-03-19T06:44:00","modified_gmt":"2006-03-19T13:44:00","slug":"another-news-drought","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/59\/another-news-drought\/","title":{"rendered":"Another news drought?"},"content":{"rendered":"

Catherine Reagor in the Arizona Republic<\/a> asks, “Another price dip?”:<\/p>\n

Valley resales figures for February are due out this week. And early analysis from Arizona State University’s Real Estate Center shows the median price might have dipped slightly again.<\/p>\n

In January the median price of all resales was $257,000. They hit a high of $263,000 in September.<\/p><\/blockquote>\n

Might<\/i> have dipped? Readers here have known since March 3rd that prices were down in February<\/a>. As we reported last week<\/a>, values are up for the month of March so far and for 2006 year-to-date. However: Around half of all residential real estate transactions close in the last ten days of the month. The numbers have been volatile so far, and we still could end the month on a down note. Days on Market is keeping pace with February, so far, at an average of 57 days. A total of 97 transactions have closed so far. This information is current as of 6:45am Sunday, when no one at either ASU or the Republic<\/i> is working.<\/p>\n

It’s important to remember that both our analysis and ASU’s are trailing indicators. The houses that close in March will have gone under contract in February and before, for the most part. In consequence, while reports of past results offer a general guide to the health of the real estate market, they don’t tell us very much about what is happening right now. Of course, the relative lack of utility of the numbers is substantially enhanced by ASU’s dilatory habits, but you can always turn to the BloodhoundRealty.com Market-Basket of Homes<\/a> for a better, much earlier snapshot of the marketplace.<\/p>\n","protected":false},"excerpt":{"rendered":"

Catherine Reagor in the Arizona Republic asks, “Another price dip?”: Valley resales figures for February are due out this week. And early analysis from Arizona State University’s Real Estate Center shows the median price might have dipped slightly again. In January the median price of all resales was $257,000. They hit a high of $263,000 […]<\/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-59","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":199,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/199\/butler-prices-down-sales-up-logic-sideways\/","url_meta":{"origin":59,"position":0},"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":324,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/324\/republic-year-over-year-median-prices-down-in-some-areas\/","url_meta":{"origin":59,"position":1},"title":"Republic: Year-over-year median prices down in some areas . . .","author":"Greg Swann","date":"September 12, 2006","format":false,"excerpt":"Here's the Republic's read on yesterday's housing numbers, a much more dire interpretation:Valley home prices dipped again in August, even falling below last year's levels in some areas. It is the first time since the Valley's housing market turned red-hot in late 2004 that the monthly median price of existing\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":1136,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1136\/were-not-mensa-members-but-real-estate-is-a-dream-job\/","url_meta":{"origin":59,"position":2},"title":"We’re not MENSA members – but real estate is a dream job","author":"Russell Shaw","date":"March 11, 2007","format":false,"excerpt":"The following was on the front page, just under the masthead of Sunday's Arizona Republic: Home Values rise despite slowdown Despite falling prices by year's end, leftover momentum from the Valley's housing boom pushed 2006 values above the previous year's values in almost every city. Median price increases in Maricopa\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"Not MENSA","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2007\/03\/Not%20MENSA1.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/622\/phoenix-area-single-family-homes-down-one-percent-from-october-2005\/","url_meta":{"origin":59,"position":3},"title":"Phoenix-area single-family homes down one percent from October 2005?","author":"Greg Swann","date":"November 9, 2006","format":false,"excerpt":"ASU's Dr. Jay Butler's housing numbers for October 2006 have been released:The Valley's single-family home-resale market clicked higher in October though sales are well off from last year's frenzy. There were 4,985 sales in October, up slightly from 4,875 the previous month but down nearly 41 percent from October of\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":14472,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14472\/until-there-is-a-brokerage-counter-at-wal-mart-there-is-no-real-estate-bubble\/","url_meta":{"origin":59,"position":4},"title":"Until there is a brokerage counter at Wal-Mart, there is no real estate bubble","author":"Brian Brady","date":"April 19, 2011","format":false,"excerpt":"Ever wonder about the relationship between gold and real estate? Jim Klein got me to thinking about a \"store of wealth\", when I postulated that there is no gold bubble: I think people can get snookered into thinking it\u2019s a great \u201cinvestment.\u201d It\u2019s protection, it\u2019s barter; it\u2019s a store of\u2026","rel":"","context":"In "Egoism in Action"","block_context":{"text":"Egoism in Action","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/egoism-in-action\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":367,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/367\/realty-reality-calculating-the-value-of-effective-new-build-buyer-representation\/","url_meta":{"origin":59,"position":5},"title":"Realty reality: Calculating the value of effective new-build buyer representation . . .","author":"Cathleen Collins","date":"September 22, 2006","format":false,"excerpt":"Greg just posted an email he received from a West Valley broker, Joe Bourland. I want to respond to his last paragraph:Maybe you should look into your established practices of real estate. There is an immense value in representation. Hopefully, the educated buyer you warn will realize the disservice you\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\/59","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=59"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/59\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=59"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=59"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=59"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}