The Market Bottoms . . in Fern Hill The first hint of a bottom came around Thanksgiving, when this non-descript rambler in St. Louis Park’s Fern Hill neighborhood came on the market for $189,900. What happened next could only be described as a feeding frenzy: 17 offers in less than 72 hours, with the winning...Read More
What’s Good for Goldman Sachs To love Geithner’s plan, you have to embrace his philosophy that what’s good for Wall Street is good for America. –Margaret Carlson, “Geithner Deals Wall Street a Can’t-Lose Hand“; Bloomberg (3/26/09)What’s good for the country is good for General Motors, and what’ s good for General Motors is good for...Read More
Calling the Bottom — One Market at a TimeAsking whether “the housing market has bottomed yet?” strikes me a little like asking, “is it Spring yet?” The answer depends on where you are. So, it’s certainly Spring in the middle of the U.S. Meanwhile, at least this week in the Twin Cities, it certainly doesn’t...Read More
