Heavy Breather, Line One

That header/title is a favorite line stolen from a long ago friend, signifying that someone really important was on the telephone… but that heavy breather was usually just a salesperson making a cold call, trying to sound as if there was an existing business relationship. We have all been there.

Also, I have had lofty intentions of recasting the Absorption Rate spreadsheet “Page” into separate sheets for each price range, instead of cramming all on one page. That would allow me to effectively show more data in each range. More data usually means someone might make a more intelligent decision. ..except in housing, which is famous for emotionally charged decision-making… someone falls in love with a home, or a seller is torn to pieces in selling the old family homestead.

It is, presumably, the pricing of a home this information is most useful for. In a spreadsheet full of numbers, there are no evident emotion and no visible bloodletting. There are, however, “stories” each individual home could tell; from the original owner’s questionable taste in lime green shag carpeting to the potential new owner’s design sensibility in their plans to remodel the kitchen.

So please come back by the 10th of each month  (hopefully sooner and I promise no later…) to view or print the updated charts and always feel free to leave a comment.

And I always welcome suggestions and constructive criticism. The intent here is factual data presented clearly and objectively. Comments that I have somehow single-handedly placed a spell of gloom on our area’s real estate market do not need to be repeated as they have been proven false. If you believe that to be true, I am sorry for your loss.

Comments

Heavy Breather, Line One — 2 Comments

  1. Seems like Santa Fe real estate tracks along with national stats. But we are not Las Vegas, or Sacramento, or Florida. did we have fewer condo flippers in ’06 and ’07

    John d

  2. Thanks, John… I am almost certain there are fewer flips going on with real property for a long list of reasons. If an investor has lost a property, I doubt we all need to observe a moment of silence. As the damages trickle down to owner occupants, different reactions may be appropriate. The ones that had no money of their own invested would have lost exactly what? Of course a case can be made for their ruined credit, but they had to live somewhere and did they actually have equity that they lost? It is the homeowner that paid an amount several years ago that now can only get that amount minus 30% (and that represents actual cash they put in when they purchased) that we might have the most empathy for. Complications come from illness or injury or lesser employment or lack of employment, etc.