{"id":62,"date":"2006-04-03T06:53:00","date_gmt":"2006-04-03T13:53:00","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=62"},"modified":"2006-04-03T06:53:00","modified_gmt":"2006-04-03T13:53:00","slug":"at-last-the-truth","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/62\/at-last-the-truth\/","title":{"rendered":"At last, the truth…"},"content":{"rendered":"

A nice interview in this morning’s Republic<\/a> with Doug Fulton of Fulton Homes. Fulton scouts out and shoots down The Mole<\/a>:<\/p>\n

Question: How do you see the market now?<\/p>\n

Answer: This is just a small correction that needed to happen. The velocity (of sales), the appreciation of the homes, was not sustainable. Last year was a complete anomaly. It’s not normal. You can’t compare last year to anything. When people say, “Gee, last February there were 4,600 houses on the MLS (Multiple Listing Service) and this March, there’s 36,000,” you’re just comparing apples and oranges. It’s a different marketplace. Completely.<\/p>\n

Q: Isn’t that how you typically compare, looking at last year?<\/p>\n

A: Go to ’04. Go to ’03. You’ll see that there were 30,000-plus in the same time frame.<\/p><\/blockquote>\n

Fulton also points out that builders were lying in 2004 when they named their reasons, dutifully transcribed by the Republic<\/a>, for excluding investors from new home subdivisions:<\/p>\n

Q: Why is that? Supposedly, the home builders weeded out all the investors.<\/p>\n

A: Not until probably August, September of ’05. We started doing it because we saw what happened in Las Vegas in the investor market, which was people closing on their homes and competing with the still-open model home complex and undercutting you by $10,000 and still making tons of money. . . . We were creating our own feeding frenzy. People were standing in line because of the increases. If you slowed down your increases, it slowed down sales. Tell me that isn’t scary. . . . The key wasn’t so much the overall price as much as the increasing price. . . . Some people thought the price increases would never stop.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

A nice interview in this morning’s Republic with Doug Fulton of Fulton Homes. Fulton scouts out and shoots down The Mole: Question: How do you see the market now? Answer: This is just a small correction that needed to happen. The velocity (of sales), the appreciation of the homes, was not sustainable. Last year was […]<\/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-62","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":944,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/944\/how-communication-can-mean-the-difference-between-good-pr-and-bad-pr\/","url_meta":{"origin":62,"position":0},"title":"Anonymous Posters Can Be A Destructive Influence, or How Communication Is The Difference Between Good PR and Bad PR","author":"Dan Green","date":"January 25, 2007","format":false,"excerpt":"Sometimes, the difference between good PR and bad PR is communication. In October 2006, I blogged about a condo building in Chicago that was more than 19 months late on delivery. To me, the story wasn't that the building was delayed; that happens all the time. What was most interesting\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":1481,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1481\/the-carnival-of-real-estate-34\/","url_meta":{"origin":62,"position":1},"title":"The Carnival of Real Estate . . .","author":"Greg Swann","date":"May 29, 2007","format":false,"excerpt":"...is up at the North Fulton County Real Estate Blog... Technorati Tags: blogging, real estate, real estate marketing","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17353,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17353\/dear-daniel-morillo-heres-why-opendoors-houses-sell-so-poorly-even-in-a-blistering-real-estate-market\/","url_meta":{"origin":62,"position":2},"title":"Dear Daniel Morillo: Here\u2019s why #OpenDoor\u2019s houses sell so poorly \u2013 even in a blistering real estate\u00a0market.","author":"Greg Swann","date":"October 25, 2020","format":false,"excerpt":"Once upon a time in my young career, I used to think about sending little notes to flailing sellers, telling them why their houses weren't selling. Arguably, this would have been a violation of Article 15 of the NAR Code of (ahem) Ethics, but it would have been bad form\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/10\/109-clipped.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/10\/109-clipped.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/10\/109-clipped.jpg?resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/10\/109-clipped.jpg?resize=700%2C400 2x"},"classes":[]},{"id":445,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/445\/blogoff-post-68-many-factors-affect-homes-value\/","url_meta":{"origin":62,"position":3},"title":"Blogoff Post #68: Many factors affect home’s value . . .","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"This is from my Arizona Republic column:Buyers will try to compare homes on a price-per-square-foot basis, but this is useful only for highly comparable homes - similar square footage on similar lots in similar neighborhoods. Same subdivision is good. Same builder is better. Same exact floor plan is best. The\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":1519,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1519\/new-york-times-works-hard-to-put-the-fizz-in-fsbos\/","url_meta":{"origin":62,"position":4},"title":"New York Times works hard to put the fizz in FSBOs . . .","author":"Greg Swann","date":"June 8, 2007","format":false,"excerpt":"My own personal experience with For-Sale-By-Owner sellers is pretty limited. I've never farmed them for listings, so I know nothing of that part of their lives. I've called a bunch of them to try to show their homes, but only once have I successfully gotten into one with my buyers.\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3013,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3013\/another-happy-customer\/","url_meta":{"origin":62,"position":5},"title":"Another Happy Customer","author":"Russell Shaw","date":"April 24, 2008","format":false,"excerpt":"Below is an email I just received that I thought I would pass along. After talking with your agent this afternoon, I NOW UNDERSTAND how you can advertise that most of your propertys sell in 30 days !!!!!! YOU PREY on the unfortunate home owners who's property and there situation\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"Prey - listings","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2008\/04\/prey-listings.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/62","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=62"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/62\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=62"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=62"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=62"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}