Fern Hill Foreclosure Goes Fast Yes, the home was priced $200k below tax value. And, yes, it was located in a strong neighborhood (Fern Hill) near Cedar Lake, and sat on a one-third acre lot. Still, it was a bank-owned foreclosure with zero curb appeal and more than a little rough around the edges, being...Read More
Turning a Corner?? Mortgage rates barreled lower a second straight day today, dropping from 5 5/8% to 5 3/8% for thirty year loans. That brings the two-day drop to almost a full point, roughly equivalent to a 1,000 point rally in the Dow Jones average — which, not coincidentally, is what the stock market gained...Read More
Check Out Floyd Norris’ Blog in The New York Times! In a column today titled, “Accelerating Falls,” Floyd Norris, The New York Times business columnist, made a rare mistake in his analysis of the latest S&P/Case-Shiller housing numbers. Specifically, he reported that, according to Case-Shiller, the Minneapolis market peaked in 2003. I emailed him to...Read More
