{"id":8959,"date":"2009-06-22T09:02:27","date_gmt":"2009-06-22T16:02:27","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=8959"},"modified":"2009-06-22T09:02:18","modified_gmt":"2009-06-22T16:02:18","slug":"just-because-the-real-estate-market-is-being-trumpeted-by-bull-horns-that-doesnt-mean-its-time-to-retract-your-bear-claws","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8959\/just-because-the-real-estate-market-is-being-trumpeted-by-bull-horns-that-doesnt-mean-its-time-to-retract-your-bear-claws\/","title":{"rendered":"Just because the real estate market is being trumpeted by bull horns, that doesn’t mean it’s time to retract your bear claws"},"content":{"rendered":"

I’m the leading bear in an article in Saturday’s Toronto Globe and Mail<\/em><\/a>. I wasn’t as dour as the overall slant of the article, but it remains that the Phoenix real estate market is overbuilt<\/a>. We have more kitchens than cooks, and, as long as that is so, a robust and enduring recovery is not possible.<\/p>\n

One thing I didn’t say, but I wish were true: “Mr. Swann said he has clients from Canada, California, Oregon and elsewhere snapping up dozens of houses at a time.” I have dozens of investor clients, most of whom are buying nothing right now, since it’s stupid to compete for the privilege of over-paying for a rental home. I have one client who plans to buy dozens of homes, but who has not started yet.<\/p>\n

The interesting thing is, it really is a great time to buy a house in Phoenix — except at the very low end. Sellers with equity are finally waking up and smelling the coffee, so the move-up market — at least below $500,000 or so, jumboland — is really starting to move. First-time home-buyers, enriched by the $8,000 tax credit, are butting heads with out-of-state investors for all the homes priced $100,000 and under. But for people with buying power, things are looking very rosy right now.<\/p>\n

Even so, the Globe and Mail<\/em> article is good reading. The authors explore a lot of systemic factors that could make our current mini-boom a fondly-remembered oasis in a desert of on-going bad news.<\/p>\n","protected":false},"excerpt":{"rendered":"

I’m the leading bear in an article in Saturday’s Toronto Globe and Mail. I wasn’t as dour as the overall slant of the article, but it remains that the Phoenix real estate market is overbuilt. We have more kitchens than cooks, and, as long as that is so, a robust and enduring recovery is not […]<\/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":[8,6,5],"tags":[],"class_list":{"0":"post-8959","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-investment","7":"category-marketing","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":66,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/66\/mapping-a-full-service-real-estate-strategy\/","url_meta":{"origin":8959,"position":0},"title":"Mapping a full-service real estate strategy…","author":"Greg Swann","date":"June 29, 2006","format":false,"excerpt":"The map above is a tiny slice of my week. My clients are buying the home that sits on lot 387 of that plat map. Their insurance underwriter deemed it vital that they know where the fire hydrants are with respect to that house. This is a job that can\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":17075,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17075\/my-experiences-with-actual-not-imagined-racism-in-real-estate\/","url_meta":{"origin":8959,"position":1},"title":"My experiences with actual \u2013 not imagined \u2013 racism in real\u00a0estate.","author":"Greg Swann","date":"September 20, 2020","format":false,"excerpt":"That's me to the right, a certified selfie with today's hair and today's shave. I am my own barber, in the age of the Coronavirus, and I am delighted to say that I'm improving faster than I expected. A year from now I could be as good as awful or\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/09\/GregSmirks-288x480.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1201,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1201\/building-a-better-dog-house-for-bloodhoundblog-one-down-dozens-to-go\/","url_meta":{"origin":8959,"position":2},"title":"Building a better dog house for BloodhoundBlog: One down, dozens to go","author":"Greg Swann","date":"March 23, 2007","format":false,"excerpt":"I have successfully migrated a hosted domain with a working WordPress weblog to our new host. I'll do two or three more for practice. If all goes well, tomorrow late we'll move BloodhoundRealty.com and BloodhoundBlog with it. For what it's worth, the preliminaries were all kind of tricky and exacting,\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":4573,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4573\/where-do-you-draw-the-line\/","url_meta":{"origin":8959,"position":3},"title":"Where Do You Draw the Line?","author":"Glenn Kelman","date":"September 21, 2008","format":false,"excerpt":"Two questions for my colleagues in real estate! #1: How much information about yourself do you share with prospective clients? I have to ask only because Redfin has lately been working with clients who want us to publish detailed statistics on each agent, and have wondered how far we should\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":290,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/290\/dissecting-glenn-kelman-of-redfincom\/","url_meta":{"origin":8959,"position":4},"title":"Dissecting Glenn Kelman of Redfin.com . . .","author":"Greg Swann","date":"September 5, 2006","format":false,"excerpt":"From comments at Rain City Guide. I didn't address this weblog entry from Redfin.com CEO and broker Glenn Kelman because I wasn't sure how to strike a balance. But today, Dustin Luther offered this:For those that haven't seen Glenn's comments on his blog, I highly recommend heading over to this\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":857,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/857\/communication-a-good-reason-to-use-realtor\/","url_meta":{"origin":8959,"position":5},"title":"Communication a good reason to use Realtor","author":"Greg Swann","date":"January 5, 2007","format":false,"excerpt":"This is me from today's Arizona Republic (permanent link): \u00a0Communication a good reason to use Realtor Why do you need professional representation when you buy or sell a home? It's not because of the Multiple Listing Service. As we have seen, Realtors can put a transaction together in ways 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\/8959","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=8959"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/8959\/revisions"}],"predecessor-version":[{"id":8960,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/8959\/revisions\/8960"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=8959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=8959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=8959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}