March 13, 2009

Buyer’s Market Conundrum

“I Can’t Find Anything I Like” “Water, water everywhere [but] nary a drop to drink.”–Samuel Taylor Coleridge, “The Rime of the Ancient Mariner” One of the conundrums of a housing market supposedly flooded with inventory is Buyers who lament that they can’t find anything they like. What’s going on? Is it just their imagination? Actually,...
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Multiple Offers and $40k Over Asking Price

[Editor’s Note: want to see what happend to this house? See, Fern Hill Flip] Where: 2641 Kipling, in St. Louis Park’s Fern Hill neighborhood What: 3 BR/2 BA; 1,678 FSF Asking Price: $165k Sold Price: $205k Days on Market: 3 Closed: 3/9/09 Forty thousand over asking price?? That isn’t supposed to happen in a market...
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