{"id":9498,"date":"2009-08-12T16:14:17","date_gmt":"2009-08-12T23:14:17","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=9498"},"modified":"2009-08-12T16:16:44","modified_gmt":"2009-08-12T23:16:44","slug":"am-i-being-paranoid-about-what-the-nar-is-calling-the-recovery","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9498\/am-i-being-paranoid-about-what-the-nar-is-calling-the-recovery\/","title":{"rendered":"Am I being Paranoid about what the NAR is calling the &#8220;Recovery?&#8221;"},"content":{"rendered":"<p>Our helpful friends at the NAR have apparently sent out press releases about the increase in home sales in the second quarter being a sign of a &#8220;recovery.&#8221;<\/p>\n<p>I saw this on MSN today (yes, I look at MSN):<\/p>\n<blockquote>\n<p class=\"textBodyBlack\">WASHINGTON &#8211; U.S. <span class=\"iAs\">home sales <\/span> grew in the second quarter in 39 states, another sign that  the ailing housing market is finally coming to life.<\/p>\n<p class=\"textBodyBlack\">Total <span class=\"iAs\">quarterly sales<\/span> rose 3.8 percent to a seasonally adjusted annual rate of  4.76 million, from 4.58 million in the first quarter, but were still about 3  percent below a year ago, the National Association of Realtors said Wednesday. &#8211; <a title=\"Home Sales Grew\" href=\"http:\/\/www.msnbc.msn.com\/id\/32386456\/ns\/business-real_estate\/\" target=\"_blank\">MSN Home sales grew in second quarter in 39 states<\/a><\/p>\n<\/blockquote>\n<p class=\"textBodyBlack\">Don&#8217;t get me wrong, I&#8217;m all for a recovery.\u00a0 I would love to see a recovery.\u00a0 Did I mention that really strong sales would be great?\u00a0 The issue for me is that sales that are still 3% below a year ago doesn&#8221;t look like a recovery to me.<\/p>\n<p class=\"textBodyBlack\">Yes, sales are higher than the first quarter of 2009.\u00a0 However, around here, second quarter sales are <em>always<\/em> higher than first quarter sales.\u00a0 I would wager that third quarter sales will be above second quarter sales, as always, too.\u00a0 But that doesn&#8217;t mean they will be above the third quarter of last year.<\/p>\n<p class=\"textBodyBlack\">Help me here, what am I missing?\u00a0 With help like this from the NAR, it&#8217;s no wonder folks don&#8217;t trust Realtors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our helpful friends at the NAR have apparently sent out press releases about the increase in home sales in the second quarter being a sign of a &#8220;recovery.&#8221; I saw this on MSN today (yes, I look at MSN): WASHINGTON &#8211; U.S. home sales grew in the second quarter in 39 states, another sign that [&hellip;]<\/p>\n","protected":false},"author":55,"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":[62,5,10],"tags":[],"class_list":{"0":"post-9498","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-dirty-laundry","7":"category-real-estate","8":"category-realty-reality","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":14552,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14552\/brett-arends-from-the-wall-street-journal-on-zillows-morning-gloom-report-all-this-bearish-news-makes-me-bullish\/","url_meta":{"origin":9498,"position":0},"title":"Brett Arends from the Wall Street Journal on Zillow&#8217;s morning gloom report: &#8220;All this bearish news makes me bullish.&#8221;","author":"Greg Swann","date":"May 9, 2011","format":false,"excerpt":"Our friends at Zillow.com have figured out the secret to getting news coverage: Bad news:Home values in the United States fell faster in the first quarter of 2011 than they have in any quarter since 2008, when the housing market experienced its worst performance, according to Zillow's first quarter Real\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5944,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5944\/latest-findings-from-the-buyer-seller-profile\/","url_meta":{"origin":9498,"position":1},"title":"Latest\u00a0Findings From the Buyer, Seller Profile","author":"Dave Phillips","date":"December 4, 2008","format":false,"excerpt":"Good stuff from Greg's Rotary Club... Who are today's buyers? Sixty-one percent are married couples, 20 percent are single women, 10 percent are single men, and 7 percent are unmarried couples. Learn more about who's buying homes today and what they're looking for in a sales professional in an NAR\u2026","rel":"","context":"In &quot;Real Estate&quot;","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/baltimorehudhomes.com\/blog\/wp-content\/themes\/monochrome_gallery\/images\/ajax\/first_time_home_buyer.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1775,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1775\/the-national-association-of-realtors-is-simply-outrageous\/","url_meta":{"origin":9498,"position":2},"title":"The National Association of Realtors is Simply Outrageous","author":"Cooksquared","date":"August 8, 2007","format":false,"excerpt":"This title truly comes from the heart. Reading the Wall Street Journal today, I stumbled across the latest report from the lead economist at the National Association of Realtors. In the face of overwhelming negative information and despite their own lowered forecasts, Mr. Lawrence Yun states, Existing-home sales should be\u2026","rel":"","context":"In &quot;Real Estate&quot;","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17955,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17955\/overnight-news-big-budget-ibuyers-manage-to-suck-even-worse-even-in-the-easiest-real-estate-market-ever\/","url_meta":{"origin":9498,"position":3},"title":"Overnight News: Big-budget iBuyers manage to suck even worse \u2013 even in the easiest real estate market\u00a0ever.","author":"Greg Swann","date":"March 11, 2021","format":false,"excerpt":"There's iBuyer news today \u2013 half truth, half lies \u2013 but, as usual, the big news is missing: The big-budget iBuyers are by-now swarmed by many, many mini-iBuyers. Hardly anyone knows how to build a magnetic website, but lots and lots of people know how to flip houses. Here's more\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12853,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12853\/the-line-for-food-stamps-is-over-there-this-is-the-line-for-deficit-funded-mortgage-bailouts\/","url_meta":{"origin":9498,"position":4},"title":"The line for food stamps is over there. This is the line for deficit-funded mortgage bailouts.","author":"Greg Swann","date":"August 5, 2010","format":false,"excerpt":"James Pethokoukis at Reuters:Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans\u2026","rel":"","context":"In &quot;Big Mother&quot;","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2229,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2229\/what-really-caused-the-lender-meltdown-and-other-important-stuff\/","url_meta":{"origin":9498,"position":5},"title":"What REALLY Caused the Lender Meltdown and Other Important Stuff","author":"Russell Shaw","date":"November 15, 2007","format":false,"excerpt":"The Wall Street high finance folks who contrived a system to endlessly send money to lenders and reward them for making fraudulent loans got what they rewarded. Here are a few Letters to the Editor from Businessweek: The Heat On Angelo Mozilo Maria Bartiromo's interview of Angelo Mozilo (\"The heat\u2026","rel":"","context":"In &quot;Realty Reality&quot;","block_context":{"text":"Realty Reality","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/realty-reality\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/9498","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\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=9498"}],"version-history":[{"count":3,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/9498\/revisions"}],"predecessor-version":[{"id":9501,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/9498\/revisions\/9501"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=9498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=9498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=9498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}