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Old 10-09-2012, 02:53 PM
 
2,806 posts, read 3,188,302 times
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I have recently read on the Calculated Risk blog, which IMO gives a relatively fair view on the housing market (maybe a little too cautious), that we have an unseasonal rise in supply in our local housing market. Could it be that some people who held back their listings for better prices come out of the wooodwrk now? Or is this overblown?

Thanks, P.L.


Calculated Risk: Lawler: Discussion of recent jump in House Listings in Phoenix
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Old 10-09-2012, 03:02 PM
 
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We've just bought, so I hope it's not the huge "shadow inventory" appearing
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Old 10-09-2012, 06:18 PM
 
Location: Rural Michigan
6,341 posts, read 14,719,204 times
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I wouldn't read too much into it.

I'm a longtime reader of Calculated Risk - and though the blog postings are fairly well balanced, the regular posters there are stuck in a loop from 2006..

One was speculating in the comments about how "hard" it must be to rent houses in Phoenix.. I rented out a couple this year without a problem - I wish I had more, because I had multiple good applicants..
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Old 10-09-2012, 10:22 PM
 
Location: Scottsdale, AZ
768 posts, read 1,762,411 times
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It is snowbird (or Angry Birds depending on your local) buying season. I see SOLD signs follow FOR SALE signs within days in my 'hood.

I know several of my neighbors timed their "for sale" initiatives to start this month.
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Old 10-10-2012, 12:01 PM
 
Location: Centennial, CO
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Teh supply of homes on the market is still historically low. Is it higher than it was last year at this time, or 6 months ago, but then it was at an all-time low so that's not saying much. Even the sudden upturn in new home construction won't keep up with demand for the foreseeable future.
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Old 10-10-2012, 03:24 PM
 
2,806 posts, read 3,188,302 times
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Thanks everyone for their advise. Also, thanks Mr. Zippyman for sharing your rental experience. I actually heard that the rental market is very firm here in Phoenix in general. Did you hear similar? - BTW congrats to your astute market timing with your rentals. Awesome!
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Old 10-10-2012, 04:52 PM
 
2,775 posts, read 5,739,253 times
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This is why I hate blogs like CR: one guy writes an article about what some other guy said and then they try and pass it off as researched reporting.
Yeah, sure some jumps are visible, but houses are moving. Not flying off the shelf, but moving if priced right.
Also, there is a huge event planned for early November that influences the economy at every level.
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