April 12, 2020: Record Easter Snowfall in Twin Cities Thanks to a record 4″ (and still falling) snow today, area “For Sale” homes that had embarrassingly unseasonal exterior photos . . . suddenly don’t. But here’s an educated guess: even when warmer weather returns — 60’s are forecast here next week — the (literally) frozen-in-time...Read More
“Better Late Than Never” Dept. “Congress, Come Home: Faxes Can Do the Talking on Capitol Hill”** –Ross Kaplan, Star Tribune Op-Ed page (1993). OK, so I got the part about faxes wrong: today’s technology, including Zoom, FaceTime, and streaming video, positively blows away fax machines. And, I didn’t anticipate the health and safety reason (i.e.,...Read More
“Sellers Who Don’t Have to Sell,” or Picking Up Their Marbles & Going Staying Home Would-be forecasters trying to divine the future of home prices, post-pandemic, would be wise to remember the aftermath of The 2008 Financial Crash (sorry, I never bought “The Great Recession” label). Namely, housing prices weakened much more slowly than stocks, employment, and...Read More
Alternative for Would-Be Sellers: Taking a Break “The recipe is cash and balls: Throw in a very low offer and see what sticks. No guts. No glory.” –“As Coronavirus Cases Grew, Some Wealthy Buyers Still Bought Multimillion Dollar Homes”; The Wall Street Journal (3/26/2020). [Note to Readers: The views expressed here are solely those of...Read More
