“How’s the Market?” Which Market?? If you were under the impression that Downtown Minneapolis was all just one big, residential real estate market, think again. In fact, local agents regard it as five different sub-markets: 1) North Loop; 2) Mill District; 3) Northeast (across the Mississippi from downtown); 4) Loring Park (southwest of downtown); and 5)...Read More
(Too) Great Expectations After the longest — and most severe — housing downturn in most people’s lives (those under 80, anyways), real estate is finally on the mend. In most markets nationally, prices are rising, short sales and foreclosures are down, and interest rates are still in the cellar. What’s not to like? For Realtors,...Read More
Is There Such a Thing as “Triple-Edged?” (Excluding Shaving) Speaking of office meetings . . . another good, overheard line regarding the term “edgy” at yesterday’s. As in, there’s “good edgy” and “bad edgy.” Not sure that I can (or want to) to define the difference . . . but I know it when I...Read More
Throwing Good Money After Bad? Hardly It’s certainly a sympathetic — if not necessarily rational — stance on the part of a would-be Seller whose home is (still) worth less than they paid for it. Namely, since they’re going to lose money when they sell, psychologically, they don’t want to spend any more money prepping...Read More
Guess #2: How Much? Owner’s suite w/Large Bath & Walk-in Closet. Open Floor Plan w/9′ Ceilings. Granite/Stainless Kitchen w/Undermount Sink/Peninsula. Barrel Ceiling. –Excerpt, MLS Listing Based on the accmpanying photos and marketing language (above), guess where this new single family home with 4 Bedrooms and 3 Baths is located: A. Linden Hills in Southwest Minneapolis; B. ...Read More
New 2013 Continuing Ed for Realtors: “Contracts and Minnesota Distressed Properties” Investing types know that the one of the keys to divining markets is determining market psychology — then acting against it. Call it, “Contrarian Principle #1.” Noise vs. Signal Given Principle #1, it’s no surprise that figuring out exactly which signals reflect consensus sentiment is something of...Read More
