{"id":84,"date":"2006-07-13T08:05:26","date_gmt":"2006-07-13T15:05:26","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=84"},"modified":"2006-07-13T09:28:13","modified_gmt":"2006-07-13T16:28:13","slug":"real-estate-market-healthier-than-reported-news-market-rancid","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/84\/real-estate-market-healthier-than-reported-news-market-rancid\/","title":{"rendered":"Real estate market healthier than reported; news market rancid"},"content":{"rendered":"

Thrills, chills, front-page headlines — everything but the truth. It’s a way of life for Dr. Jay Butler of the The Arizona Real Estate Center<\/a>. Today’s Republic<\/i> trumpets June was cold month for resales<\/a>:<\/p>\n

The Valley’s resale housing market took a hard fall in June, its worst performance for the month since 2000 and clear evidence that buyers sat out the start of the crucial summer selling season.<\/p><\/blockquote>\n

That “worst performance for the month since 2000” business is interesting, and it comes straight from Butler. It sounds authoritative, but it’s actually like a baseball card statistic, useful only in context. Dr. Butler doesn’t publish his underlying numbers, so there’s no easy way to compare apples to apples.<\/p>\n

Here, by contrast, are real numbers drawn from the MLS system:<\/p>\n

Number of Homes Sold<\/p>\n

March 2003 6471
\n 2004 8678
\n 2005 9959
\n 2006 7469<\/p>\n

April 2003 7429
\n 2004 8889
\n 2005 9567
\n 2006 6725<\/p>\n

May 2003 7428
\n 2004 8932
\n 2005 9853
\n 2006 7582<\/p>\n

June 2003 7409
\n 2004 9969
\n 2005 10225
\n 2006 7209<\/p><\/blockquote>\n

I don’t have numbers back to 2000, but it doesn’t matter. June 2006 was remarkably like June 2003. As I’ve pointed out before, comparisons to 2004 or 2005 — of which the Republic<\/i> never tires — are inappropriate. From March of Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Thrills, chills, front-page headlines — everything but the truth. It’s a way of life for Dr. Jay Butler of the The Arizona Real Estate Center. Today’s Republic trumpets June was cold month for resales: The Valley’s resale housing market took a hard fall in June, its worst performance for the month since 2000 and clear […]<\/p>\n","protected":false},"author":1,"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":[5],"tags":[],"class_list":{"0":"post-84","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","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":84,"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":329,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/329\/could-valley-resale-home-inventories-really-only-be-15-over-normal\/","url_meta":{"origin":84,"position":1},"title":"Could Valley resale home inventories really only be 15% over normal?","author":"Greg Swann","date":"September 13, 2006","format":false,"excerpt":"Interesting notes from John L. Wake's Arizona Real Estate Notebook:Dr. Jay Butler, the head of the Arizona Real Estate Center at ASU, made a presentation yesterday at the Industry Partners Conference, an annual meeting of real estate industry folks - agents, escrow officers, mortgage brokers and many others. Looking at\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":319,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/319\/more-august-housing-numbers-for-the-phoenix-area\/","url_meta":{"origin":84,"position":2},"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":23,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/23\/an-open-letter-to-dr-jay-butler-of-the-arizona-real-estate-center-at-asu\/","url_meta":{"origin":84,"position":3},"title":"An open letter to Dr. Jay Butler of the Arizona Real Estate Center at ASU","author":"Odysseus","date":"December 7, 2005","format":false,"excerpt":"Dr. Butler, I saw this on money.cnn.com:A researcher at Arizona State University told the paper that in the hot market of Phoenix, as many as 30 percent of the properties for sale on the market right now are owned by investorsThey were referencing this quote from the Wall Street Journal:In\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":622,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/622\/phoenix-area-single-family-homes-down-one-percent-from-october-2005\/","url_meta":{"origin":84,"position":4},"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":1056,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1056\/real-estate-carnivals-nigel-swaby-wins-carnival-of-real-estate-investing-our-own-allen-butler-wins-carnival-of-real-estate\/","url_meta":{"origin":84,"position":5},"title":"Real Estate Carnivals: Nigel Swaby wins Carnival of Real Estate Investing, our own Allen Butler wins Carnival of Real Estate . . .","author":"Greg Swann","date":"February 19, 2007","format":false,"excerpt":"BloodhoundBlog was this week's host of the Carnival of Real Estate Investing. Nigel Swaby from the Salt Lake Real Estate Blog was this week's winner, with Creative Financing - Conversion to Traditional Mortgages. We had a total of seven entries and four judges: Michael Cook, Cathleen Collins, Jeff Brown and\u2026","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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/84","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=84"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/84\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=84"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=84"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=84"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}