[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...Read More
“They’re Asking How Much??” Where: 5500 Park Place, in Edina’s South Harriet Park neighborhoodAsking Price: $549,900 (white picket fence included)Key Stats: 3 BR/2BA; 1,500 FSF. Year built: 1947Lot Size: 60′ x 134.8′Time on Market: 64 days In any other Twin Cities neighborhood, this unassuming 3BR/2BA home with a white picket fence would be worth $150,000,...Read More
Look Who’s Cashing in on the Mortgage Mess Fairly or not, Countrywide Financial and its top executives would be on most lists of those who share blame for the nation’s economic crisis. After all, the banking behemoth made risky loans to tens of thousands of Americans, helping set off a chain of events that has...Read More
Tightening Credit Snares the Healthy, Too Without doubt, credit was extended too freely over the past 15 years, and a rationalization of lending is unavoidable. What is avoidable, however, is taking credit away from people who have the ability to pay their bills. If credit is taken away from what otherwise is an able borrower,...Read More
Stock Buyers Strike . . . For Good ReasonWhen will the stock market finally bottom?Here’s a thought: it won’t be when P/E ratio’s hit some magic level, or market cap’s (capitalization’s) become tantalizingly low, or even when the housing market finally stops falling. It will be when Bernie Madoff is in prison, and he and...Read More
“The Great . . . [Something]“As the evolving financial crisis ratchets up a notch — or two — so is the gravity of the names being tossed out as would-be labels. So far, the leading candidate is probably “The Crash of 2008.” However, just in the last few days, a new slew of contenders have...Read More
