Housing Market Circular Reasoning The reason more upper bracket homes aren’t selling . . . is because more upper bracket homes aren’t selling. Huh? Once a deal is struck, the lender’s appraiser seeks to substantiate the value of the collateral — the home being sold — by looking to other, similar homes that have sold...Read More
Do You Canoe? “Not a drive-by” is one of the most over-used cliches in real estate. So how about “not a kayak-by” instead? On a kayak is how I encountered 2550 Burnham Blvd. yesterday, on the north side of the channel between Cedar Lake and Lake of the Isles in Minneapolis. Hey, Barry! You’re welcome...Read More
