June 17, 2006

Do they live in the same city? Here's the housing market conditions report from Phoenix from "The Realist" and "The Snake"



The Realist (nice to see some honesty from the realtor profession - I'd hire this guy if I wanted to use one)

Currently there are 43,345 residential homes for sale in the Phoenix area in the Multiple Listing Service. This is an all-time high record for the Phoenix area. 3,347 or 8% of them have been on the market for more than 180 days. 9,655 or 23% of them have been on the market for 90 days but less than 180 days. That means that 13,002 or 31% of the homes for sale have been on the market for at least 90 days and have not sold. (Thank you Mr. Shaw for the accurate data and honesty. You are a gem in a pile of dung)


The Snake (tells his clients this stuff in a desperate attempt to find the last sucker in. Talks out of both sides of his mouth. If you'd like to send him a note or heck, buy a house from this guy (snicker snicker), do so here)

Phoenix is attracting the largest amount of new residents in the US: 30,000 "new neighbors" in just one year! Climate and job opportunities are two of the biggest lures to Phoenix and why more and more people are willing to move their homes to "The Valley of the Sun".

The media's hype that the real-estate market's bubble has burst is simply NOT TRUE. (NAR talking point used nicely)

Don't be fooled! What we are experiencing right now is a NORMAL Buyer's market. Housing prices have started to slow down which is helping keep housing affordable to everyone. (Huh - you said there's no bubble?)

IMPORTANT!!!! If you are looking to buy, NOW is the time to do so since there are many homes that have been on the market for several months. (Why would I buy if the value will drop even more? Huh?)

Open houses are "popping" up everywhere, and Seller's are anxious to sell their homes quickly since they are used to last year's market. (Dude, bubble, or no bubble - keep your lies straight)

If you are looking for a house don't wait until the bidding wars start again, buy now when the market is in your favor! (You'll never see bidding wars again in your lifetime sport. And learn from the honest guy above - that's how you earn business and stay in business. For you? Start looking for new work, you're a deceptive snake.)

171 comments:

Anonymous said...

funny, snake realtor looks like a snake whilst honest realtor looks honest

maybe snake realtor shouldn't use the photo - or at least doctor it up a bit

must have married the girl before he lost the hair too

FL_Bust said...

this is what I asked them .. will post if they reply ..

Hi,
When do you expect the bidding-war to start again ? I want be ready for the next one.

Thanx
-Khan

Anonymous said...

the snake and the girl look like a pimp and his whore straight out of Vegas.

Anonymous said...

The Snake has to keep the wifey in a new SUV every year and probably some kind of titty enhancement, so I'm sure he'll lie to keep the ass flowing.

Pay up.

Mark in San Diego said...

When will Phoenix be declared a Disaster Area. . .

Any day now, Phoenix will apply for Federal Disaster Relief money to bail out underwater "homeowners."

This will likely be the first of a Resolution Trust (Savings and Loan bailout of the 1980's) situation. . .remember, Bush has been backed by bankes, etc. and they are NOT going to have a portfolio of repossed homes. . .

FL_Bust said...

Mark in San Diego,

You bring up a good point. I just hope the AIDS virus doesn't kill me by then. I really want to see this.

Any Mouse, FenceSitter said...

From the snake site:
Why Should You Move to Arizona?
From Year Round Perfect Weather,
To Affordable Housing.

Scum of the earth liars! It’s so damn hot you dare not venture outside 3 to 5 months out of the year due to extreme heat temps. Affordable housing! Try 1200 SF, poor quality, illegal alien built shit box on a 50X90 sand lot for a quarter mil.

AnonyRuss said...

"The Realist," Russell Shaw, advertises heavily in metro Phoenix, as far back as I can remember. Radio, local TV. "If you're not satisfied, fire me." Probably pretty successful. I think that I read that he is a Scientologist.

foobeca said...

So what if he's a scientologist. He may be honest about what he's saying, but he's not telling the whole truth of the situation. PHX is a bubble and he doesn't say that.

AnonyRuss said...

>>>So what if he's a scientologist. He may be honest about what he's saying, but he's not telling the whole truth of the situation. PHX is a bubble and he doesn't say that.

The Scientology thing was just a random fact that I remembered, so I tossed it in.

He acknowledges the slowing of Phoenix real estate in his TV ads. But I really don't expect people who sell houses to scream "bubble" from the rooftops. That's our job/hobby. It is just a nice change of pace to not have someone affirmatively lying about soon to return bidding wars and other nonsense.

Anonymous said...

Here is another realistic realtor in Rhode Island.
He states that inventory is way up and that
prices have not come down "as they should have".
He actually sounds a bit frustrated.

http://realtytimes.com/rtmcrcond/Rhode_Island~Bristol_County~stevegillikin

Anonymous said...

wow, who made you judge and jury Keith?

Out at the peak said...

At least Stacy and Natalie (their assistant) are hot. That's all I have good to say.

Anonymous said...

To the Anon:

"wow, who made you judge and jury Keith?"

It's his freakin blog! You want to start a stupid blog about how Phoenix is not a complete hot, stinky, overpriced market, filled with over priced crap boxes made from illegal labor, go ahead, no one will read it because it will be total BS!

I don't agree with everything Keith says as I lean more to the right than the left, but he is spot on about housing, look to Japan to see the model the US will be following.

Anonymous said...

"I don't agree with everything Keith says as I lean more to the right than the left, but he is spot on about housing, look to Japan to see the model the US will be following"

Sweet! I am glad I am not the only one who sees that Keith is clearly left. (he's afraid to admit to us)

Anonymous said...

i m to the right too. but am a believer of the bubble

Anonymous said...

No one cares if you lean to the right or not. I think its nust that you are worried about that anyway.

Metroplexual said...

What is left what is right? When you have Pat Buchanan defending workers rights!

Anonymous said...

I see bidding wars already. Home sellers are low balling each other, with the attempt to sell first. Keep lowering and they still aren't selling. Can't wait to see the wave of cancellations at new home communities because of people unable to sell. This is the best reality show going. Six months of this and it may get more exciting as interest rates go up and arm payments kick in. mployers should boycott hiring realtors to real jobs as a lesson for being outright dishonest.

Anonymous said...

Hurrah for honest realtors.

Somebody send that guy a bouquet of flowers.

Anonymous said...

"but he is spot on about housing,"

umm Kieth. Why do you post as anonymous?

Anonymous said...

Wow. My Castro Valley CA neighborhood had a whole lot of open houses this weekend. I have never seen some many around here. Median price range (presently) 850K. Soon to be 450K.

On your knees Nat said...

That poor Natilie. Anyone think she will be working in another field soon?

"Natalie, our assistant, was born & raised in California and now attends ASU. She currently is in her sophomore year & is working towards her Bachelor's Degree in Housing & Urban Development, with a minor in Urban Planning. She will then be getting her Master's Degree in Real Estate Development and will also be a licensed Realtor by May '06. We are excited to have her as a member of our team!"

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Anonymous said...

Hey Keith,

Your # of homes on the market is higher than theirs. 49K vs. 44k or so, which is right?

synthetik said...

>honest realtors?

seriously, that is an oxymoron.

Their JOB is to SELL the house. Period. It is inconvenient for them to believe that a bubble exists because it threatens their paycheck. Many/most of them are probably being brainwashed into actually believing this stuff.

When you work with a realtor, you always have to take what they say with a pillar of salt.

They don't represent anyone but themselves. I have come to this conclusion after working and networking with realtors for the past 16 years.

Most of them, just like most people, believe they are honest and ethical. They believe the hype that they put customers first.

When it comes down to it, all they wan to do is sell the house. Period, end of story. They'll say and believe whatever they have to to accomplish this task.

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