“So, How’s the Market?”

“A recession is when your neighbor loses their job. A Depression is when you lose yours.”

–uttered by Presidents Truman and Reagan (and many others)

Little remarked — but equally true — is the converse: a “bounce,” at least in the real estate business, is when you are busy; a “boom” is when you’re swamped.

That’s regardless of what’s otherwise happening in your office, the overall market, various parts of town, etc.

After a torrid May-Sept, and a quiet(er) October, I am personally very busy heading into Thanksgiving and the year-end.

The principal caveat: Buyers now are expecting — and getting — deals.

P.S.: A colleague characterized this market as one in which “Buyers are getting the last word.”

I’d go even further: Buyers in today’s market are getting the last sentence — or paragraph.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

Leave a Reply