Building Cranes Yes, Minneapolis may be the worst performing residential market according to Case-Shiller’s just-released March numbers (down 10% year over year, the largest drop in the top 20 markets that Case-Shiller measures). Nevertheless, there is a mini-building boom apace in Minneapolis’ Uptown neighborhood, just northeast of Lake Calhoun and southeast of the Lake of...Read More
Backdoor Price Increase Perhaps the key issue in housing at the moment — besides the just-released March Case-Shiller numbers showing that housing nationally touched a new low — is the initiative by lenders and some in Congress to mandate 20% down payments. In theory, the proposal makes a lot of sense: Buyers who put down 20%...Read More
Counseling Excitable Sellers Especially after a flurry of initial showings, it’s easy for Sellers to get ahead of themselves, and assume that the sales process will be faster and simpler than it often is. So, I like to remind my clients to expect a marathon, not a sprint, and that it’s a “done deal” when ...Read More
