New-Home Sales Down (Again)According to the Commerce Department, sales of new, single-family homes decreased by 14.7% in December to a seasonally adjusted annual rate of 331,000. Frankly, given the economy, accelerating layoffs, etc., it would have newsworthy if new-home sales hadn’t dropped hard. Silver linings? Not if you’re a builder, a contractor, or a developer....Read More
Upper Bracket Woes Although Edina has been a housing standout in the current downturn, it, too, has pockets of excess inventory, and homes that have suffered serial price cuts — and still aren’t selling. Just one street in Edina’s Country Club section, Sunnyslope, now has six homes on the market, at prices ranging from $729,000...Read More
