In the stock market, open market purchases of company stock by senior management (“insiders”) is considered to be bullish. After all, executives may sell stock for many reasons — to diversify, to raise money for things like real estate purchases, college tuition, etc. Presumably, however, there’s only one reason insiders buy: they think their company’s...Read More
Where: 4617 Tower St.What: 5 BR/5 Bath new construction by Elevation (division of Streeter)How much: $1.2 million asking priceWhen: sold in one day earlier this month (with more buyers reportedly waiting in the wings).Who: listed by Marian Peterson and Noelle Varecka of Edina Realty It’s not hard to tell what the Buyer liked about this...Read More
Highway 7/Wooddale Avenue Interchange To frustrated motorists, it’s an all-too familiar scene: miles of closed-off roadway that persists for months (or years), traffic slowed to a crawl (or stop), etc. — all for the benefit of a handful of construction workers, progressing at a glacial pace. I can think of multiple highway projects around the...Read More
Missing Voices One of the oddities — at least to me — about selling real estate these days is to peruse Op-Ed pages full of people with opinions about the “true state” of the housing market, its future direction — and what should be done to fix it. Print journalists (there’s an anachronism). Economists. Government...Read More
