By: On Chicken Little, Booming & Crashing, Insanity and Herd-minded Snakes at The Phoenix Real Estate Guy

Thu, 26 Oct 2006 04:53:19 +0000

[...] Jay – The Phoenix Real Estate Guy Oct 25th, 2006 at 9:17 pm Seth -Thanks for visiting and commenting. I’ll attempt to address your points one at a time: The Salon article: difficult to glean much from that, as it’s full of non-functional links. My calling the media “Chicken Little” when it comes to how they portray housing market news is certainly not original, but I didn’t borrow that idea from David Lereah. It’s simply a product of my overall opinion of the media in general. I try to avoid politics on this blog, so let’s leave it at this… my general disdain for the media began years ago with what is, in my opinion, their overriding tendency to go way left of center when reporting “news”. That spills over into how they report pretty much anything. But they are in business (for now) to sell newspapers, and sensationalism and headlines sell newspapers. The Phoenix Bubble Isn’t Bursting” article on my website being a product of the NAR: True statement, and it’s clearly marked as such. Do I provide a “counter”? Nope. Do I explain that it’s from the NAR and may be biased? Nope. Being clearly marked, I feel no need to point out who wrote it. I also assume my readers and site visitors have the intelligence to know that the NAR may be biased in their presentation. I don’t think it’s my job to provide, nor do people really care to see, a point/counter-point argument for every bit of data posted either here or on my website. Could my assumptions be flawed? Certainly. My quarterly reviews are a year behind: Correct again. I’ll get a new one up someday (though it will be in a completely different format). It’s been on my to do list for, oh about a year. You wonder how I have the time to update the blog so regularly and not them? In many ways, the website quarterly reports have been replaced by regular blog posts on market stats. I actually made a conscious decision to put less of my personal opinion (”Spin” to use your term) into the quarterly reports and just reports the facts on this blog and my site–so people can form their own opinion. I frequently provide basic market stats on this blog here, here, here, here, here, here, here, here, here, here. (I probably missed a couple.) I also provide listings and sales stats on the website. This page has monthly listings, sales, and days on market data for all of 2004, 2005, and 2006 to date, in addition to yearly summaries from 2002 – 2005. You may also be interested in the 2006 quarterly reports on the stats page. I didn’t write them, but they do contain some interesting sales/listings stats. [...]

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By: On Chicken Little, Booming & Crashing, Insanity and Herd-minded Snakes at The Phoenix Real Estate Guy