Exactly Where Are All Those $206k New Homes?? As [new home] sales rose, median prices . . . continued to fall, slipping to $206,200 from $232,100 in June a year ago. –Jack Healy, “New U.S. Home Sales Rise Sharply as Prices Fall“; The New York Times (7/27/09) The big financial headline today is an unexpected...Read More
A Tale of Two Homes Where: 29xx Benton Blvd, just southwest of Minneapolis’ Cedar Lake What: 4 BR/4 BA; 3,100 FSF Colonial built in 1939 How much: sold for $641k (July ’09); originally listed for $925k (April, ’08). Tax assessed value: $849k. Not convinced that overshooting on asking price can boomerang on a Seller (especially...Read More
After Almost a Year, The Fog Lifts Maybe it’s just me, but it certainly seems as though, almost one year after the financial system’s September, ’08 “heart attack,” some clarity and consensus are emerging about exactly what happened, and why. If you’ve been on a desert island, read Robert Wilmer’s excellent “Where the Crisis Came...Read More
