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February 5, 2016

“The Rip Van Winkle” Housing Market (aka, Upper Bracket in the Twin Cities)

Same Prices as a Decade Ago (or Longer) Even with the recent carnage, the stock market has more than doubled from its post-2008 Crash lows. Upper bracket housing? Not so much. At least in many choice Twin Cities neighborhoods, luxury homes can be had for the same prices they fetched a decade ago (or even...
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“Pending” vs. “Assessed” vs. “Payable” vs. “Levied” . . . Huh?!?

Best Advice to Home Sellers:  “Tell What You Know” Homeowners can be forgiven for not knowing the difference between a special assessment that’s “pending,” vs. one’s that “levied” — as opposed to one that is assessed and currently payable. Realtors have trouble keeping those terms straight as well. The best advice to give prospective home...
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