“YIMBY” sounds like it’s an updated version of “Yippie,” the ’60’s counter-cultural movement. In fact, it’s the (inevitable?) backlash to NIMBY, short for “Not in My Backyard” (replace the “N” with a “Y” for “Yes”). YIMBY’s proponents argue that stratospheric Bay Area housing prices are ultimately explained by too little supply, thanks to politics. Ergo,...Read More
Seller’s Market Side Effects “Twin Cities Housing Market Caught In A Supply Crunch As Demand Intensifies.” —Headline, Twin Cities Business (April 14, 2016) One of the side effects of a Seller’s market with very tight inventory is a surge in so-called “reverse contingencies,” whereby a homeowner agrees to sell only if they can find another...Read More
