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	<title>Comments on: Market Phases</title>
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	<link>http://bhgrealestateblog.com/2008/09/18/market-phases/</link>
	<description>Insights Into The Real Estate Industry</description>
	<lastBuildDate>Mon, 15 Mar 2010 05:17:13 -0600</lastBuildDate>
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		<title>By: Review of February Releases from NAR, FNMA, and Case-Schiller &#124; Better Homes and Gardens Real Estate</title>
		<link>http://bhgrealestateblog.com/2008/09/18/market-phases/comment-page-1/#comment-2242</link>
		<dc:creator>Review of February Releases from NAR, FNMA, and Case-Schiller &#124; Better Homes and Gardens Real Estate</dc:creator>
		<pubDate>Fri, 27 Feb 2009 15:28:04 +0000</pubDate>
		<guid isPermaLink="false">http://bhgrealestateblog.com/?p=316#comment-2242</guid>
		<description>[...] than January &#8216;08).  Although the trends are clearly not what the average homeowner wants, this is a necessary stage on the road to recovery and we should expect that the rate of price declines will soon decrease and [...]</description>
		<content:encoded><![CDATA[<p>[...] than January &#8216;08).  Although the trends are clearly not what the average homeowner wants, this is a necessary stage on the road to recovery and we should expect that the rate of price declines will soon decrease and [...]</p>
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		<title>By: December Analysis of NAR and FNMA Releases &#124; Better Homes and Gardens Real Estate</title>
		<link>http://bhgrealestateblog.com/2008/09/18/market-phases/comment-page-1/#comment-1581</link>
		<dc:creator>December Analysis of NAR and FNMA Releases &#124; Better Homes and Gardens Real Estate</dc:creator>
		<pubDate>Tue, 23 Dec 2008 16:18:12 +0000</pubDate>
		<guid isPermaLink="false">http://bhgrealestateblog.com/?p=316#comment-1581</guid>
		<description>[...] emotion completely out of this and focus on the facts.  You may wish to read our earlier post on market cycles to get our views on what figures we spend the most time [...]</description>
		<content:encoded><![CDATA[<p>[...] emotion completely out of this and focus on the facts.  You may wish to read our earlier post on market cycles to get our views on what figures we spend the most time [...]</p>
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		<title>By: Analyzing NAR&#8217;s Monthly Release &#124; Better Homes and Gardens Real Estate</title>
		<link>http://bhgrealestateblog.com/2008/09/18/market-phases/comment-page-1/#comment-1120</link>
		<dc:creator>Analyzing NAR&#8217;s Monthly Release &#124; Better Homes and Gardens Real Estate</dc:creator>
		<pubDate>Tue, 25 Nov 2008 18:36:42 +0000</pubDate>
		<guid isPermaLink="false">http://bhgrealestateblog.com/?p=316#comment-1120</guid>
		<description>[...] plan ahead.  You may find some of what follows to be more valuable if you read our post on market cycles and if you have handy the one-page NAR data for October (found at the bottom of this article).  [...]</description>
		<content:encoded><![CDATA[<p>[...] plan ahead.  You may find some of what follows to be more valuable if you read our post on market cycles and if you have handy the one-page NAR data for October (found at the bottom of this article).  [...]</p>
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		<title>By: Market Phases: The Data Speaks &#124; Better Homes and Gardens Real Estate</title>
		<link>http://bhgrealestateblog.com/2008/09/18/market-phases/comment-page-1/#comment-683</link>
		<dc:creator>Market Phases: The Data Speaks &#124; Better Homes and Gardens Real Estate</dc:creator>
		<pubDate>Tue, 23 Sep 2008 18:11:02 +0000</pubDate>
		<guid isPermaLink="false">http://bhgrealestateblog.com/?p=316#comment-683</guid>
		<description>[...] few days ago I offered the idea that the direction of the residential real estate market is driven first by transaction sides then [...]</description>
		<content:encoded><![CDATA[<p>[...] few days ago I offered the idea that the direction of the residential real estate market is driven first by transaction sides then [...]</p>
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		<title>By: Mark Jeffers</title>
		<link>http://bhgrealestateblog.com/2008/09/18/market-phases/comment-page-1/#comment-663</link>
		<dc:creator>Mark Jeffers</dc:creator>
		<pubDate>Fri, 19 Sep 2008 11:55:22 +0000</pubDate>
		<guid isPermaLink="false">http://bhgrealestateblog.com/?p=316#comment-663</guid>
		<description>Nicolai,

I thought the same thing right after I wrote the comment earlier so I did read Bob Albanese&#039;s post and commented there too...that I should have read it before I commented here!  I hate it when people are redundantly repetitive.</description>
		<content:encoded><![CDATA[<p>Nicolai,</p>
<p>I thought the same thing right after I wrote the comment earlier so I did read Bob Albanese&#8217;s post and commented there too&#8230;that I should have read it before I commented here!  I hate it when people are redundantly repetitive.</p>
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		<title>By: Nicolai Kolding</title>
		<link>http://bhgrealestateblog.com/2008/09/18/market-phases/comment-page-1/#comment-661</link>
		<dc:creator>Nicolai Kolding</dc:creator>
		<pubDate>Fri, 19 Sep 2008 01:24:07 +0000</pubDate>
		<guid isPermaLink="false">http://bhgrealestateblog.com/?p=316#comment-661</guid>
		<description>@Mark - Although there are plenty of great sales agents who study a vast array of numbers, I still think there&#039;s room to borrow from other fields.  You mention commercial real estate - if you haven&#039;t already, I would encourage you to read Bob Albanese&#039;s piece in this blog about absorption rates as I think you&#039;ll enjoy it.  

I would also take some metrics from retail (e.g., brokers should know what their revenues and profit per square foot of space is).

@Chuck - Good to hear from you!  There are few people who know the numbers like you do.  I&#039;m glad you&#039;ve chosen to take the nonsensical path to give us insight now (always a good choice)!  You have a scary sense of humor, though I went to school with a lot of &quot;Trekkies&quot; who would love your take.</description>
		<content:encoded><![CDATA[<p>@Mark &#8211; Although there are plenty of great sales agents who study a vast array of numbers, I still think there&#8217;s room to borrow from other fields.  You mention commercial real estate &#8211; if you haven&#8217;t already, I would encourage you to read Bob Albanese&#8217;s piece in this blog about absorption rates as I think you&#8217;ll enjoy it.  </p>
<p>I would also take some metrics from retail (e.g., brokers should know what their revenues and profit per square foot of space is).</p>
<p>@Chuck &#8211; Good to hear from you!  There are few people who know the numbers like you do.  I&#8217;m glad you&#8217;ve chosen to take the nonsensical path to give us insight now (always a good choice)!  You have a scary sense of humor, though I went to school with a lot of &#8220;Trekkies&#8221; who would love your take.</p>
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		<title>By: Charles "Chuck" DelGrande</title>
		<link>http://bhgrealestateblog.com/2008/09/18/market-phases/comment-page-1/#comment-656</link>
		<dc:creator>Charles "Chuck" DelGrande</dc:creator>
		<pubDate>Thu, 18 Sep 2008 17:38:58 +0000</pubDate>
		<guid isPermaLink="false">http://bhgrealestateblog.com/?p=316#comment-656</guid>
		<description>I think it’s time to call it a Phaser, not a Phase…that way we can look at the settings, see that it’s on “stun” and understand why we all feel the way we do…if you look closely at the sequence in these links, I believe the similarities to “being vaporized” with the Type II Phaser and what’s happened this year to Bear Sterns, Lehman, Fannie/Freddie, Merrill, AIG, etc. are eerily similar… 
http://www.phasers.net/2260/p2-mm06.jpg 
http://www.phasers.net/2260/p2-mm07.jpg
http://www.phasers.net/2260/p2-mm08.jpg
http://www.phasers.net/2260/p2-mm09.jpg
http://www.phasers.net/2260/p2-mm10.jpg</description>
		<content:encoded><![CDATA[<p>I think it’s time to call it a Phaser, not a Phase…that way we can look at the settings, see that it’s on “stun” and understand why we all feel the way we do…if you look closely at the sequence in these links, I believe the similarities to “being vaporized” with the Type II Phaser and what’s happened this year to Bear Sterns, Lehman, Fannie/Freddie, Merrill, AIG, etc. are eerily similar…<br />
<a href="http://www.phasers.net/2260/p2-mm06.jpg" rel="nofollow">http://www.phasers.net/2260/p2-mm06.jpg</a><br />
<a href="http://www.phasers.net/2260/p2-mm07.jpg" rel="nofollow">http://www.phasers.net/2260/p2-mm07.jpg</a><br />
<a href="http://www.phasers.net/2260/p2-mm08.jpg" rel="nofollow">http://www.phasers.net/2260/p2-mm08.jpg</a><br />
<a href="http://www.phasers.net/2260/p2-mm09.jpg" rel="nofollow">http://www.phasers.net/2260/p2-mm09.jpg</a><br />
<a href="http://www.phasers.net/2260/p2-mm10.jpg" rel="nofollow">http://www.phasers.net/2260/p2-mm10.jpg</a></p>
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		<title>By: Mark Jeffers</title>
		<link>http://bhgrealestateblog.com/2008/09/18/market-phases/comment-page-1/#comment-654</link>
		<dc:creator>Mark Jeffers</dc:creator>
		<pubDate>Thu, 18 Sep 2008 17:21:08 +0000</pubDate>
		<guid isPermaLink="false">http://bhgrealestateblog.com/?p=316#comment-654</guid>
		<description>Every builder worth his salt uses absorbsion rate to help determing these cycles and most real estate folks that value data will as well.  AR doesn&#039;t fully take into account the price piece of the puzzle, but I agree that cycles are largely driven by sides not price.  Trouble is, the rank and file largely lost the desire to know these types of facts because it wasn&#039;t necessary during the housing boom.  I bet if you look around the office at who is still there, the majority of folks who have 15+ years experience are still around.  We have been here before, but as with any growing industry, the larger you are, the more you feel the pain when things slow.  Just ask the banks.  Local small town conservative banks say that not much has changed in their world recently at least compared to the big guys.  As the market for real estate and homeownership continues to grow, every correction will feel increasingly painful.  I do recall making the statement about 2.5 years ago when someone told me the national rate of homeownership was near 71% that 1.) that couldn&#039;t continue and 2.) that I heard a pretty intelligent economist say once that the economy was healthiest at about 65%.</description>
		<content:encoded><![CDATA[<p>Every builder worth his salt uses absorbsion rate to help determing these cycles and most real estate folks that value data will as well.  AR doesn&#8217;t fully take into account the price piece of the puzzle, but I agree that cycles are largely driven by sides not price.  Trouble is, the rank and file largely lost the desire to know these types of facts because it wasn&#8217;t necessary during the housing boom.  I bet if you look around the office at who is still there, the majority of folks who have 15+ years experience are still around.  We have been here before, but as with any growing industry, the larger you are, the more you feel the pain when things slow.  Just ask the banks.  Local small town conservative banks say that not much has changed in their world recently at least compared to the big guys.  As the market for real estate and homeownership continues to grow, every correction will feel increasingly painful.  I do recall making the statement about 2.5 years ago when someone told me the national rate of homeownership was near 71% that 1.) that couldn&#8217;t continue and 2.) that I heard a pretty intelligent economist say once that the economy was healthiest at about 65%.</p>
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