How Long Should Sellers Wait to Reduce Their Price? “If a tree falls in the forest in forest and no one is around to hear it, does it make a sound?” –Philosophy riddle “If a Seller drops their price when the market’s slow, does anyone notice?” –Corollary, Ross Kaplan Not all “days on the market” are...Read More
“1 Picture = 1,000 Words” Department If you can’t make out the labels in the chart above, the three time periods (shown in gray) correspond to the Federal Reserve’s QE I, QE II, and Operation Twist (QE stands for “Quantitative Easing”). So, is the Fed supporting stock prices? You tell me . . .Read More
Q: When is a 3.75% FHA loan a better deal than a 3.5% FHA loan? A: When the 3.75% loan is (a lot) cheaper to get. Consumers shopping for a mortgage tend to focus only on the face rate of the mortgage. That’s a mistake, because the total cost of the loan breaks down into two...Read More
Batting 1,000 Dear Twin Cities home owner: if you want to sell your home, I know a secret weapon: have Edina Realty agent (and colleague) Kathy Dick show it — or host a Broker open there. Due to previous commitments, Kathy has now hosted two Broker opens for me in the last six weeks — at...Read More
