Playing Housing Market Arbitrage, or, The Substitution Effect to the Rescue I don’t know about anyone else, but I see an imminent collision — the good kind — between what’s happening in the rental market and the “For Sale” market. In the Twin Cities and nationally, rentals are scarce — and getting scarcer. In the...Read More
Realtor Role(s): Conduit, Funnel and Filter What does the picture above depict? If you said, “a tournament bracket,” you’d (also) be right, but what I was actually thinking of is a flowchart showing all the communication that accompanies a typical real estate deal, where both Buyer and Seller have their own Realtor. So, a key part of what...Read More
Is That Like “Underbought?” Saying the stock market is rallying today because it was “oversold” is like saying it went down yesterday because there were more “Sell” than “Buy” orders. In other words, it tells you nothing. To be sure, violent moves like those that have occurred the past two weeks often overshoot; the ensuing...Read More
