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Housing Market Trends

Is Donald Trump Getting Reelected? Watch UnitedHealth Group Stock Price

Health Care Winners and Losers [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] No doubt Las Vegas bookies are already handicapping the 2020 Presidential election. Not to mention plenty of...
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Measuring Irregular Rooms

Square Pegs into Round Irregular Holes The input field on MLS for room sizes asks for two numbers: the room’s width and its length. Which works great if a room is rectangular. But what if it’s not? If the room has a dormer, is L-shaped, curved, or otherwise defies a standard “width x length” measurement,...
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Nine(!) Types of Showings (according to MLS)

Conspicuously Missing:  The “I-Want-To-Meet-My-Interior Decorator” Showing Once upon a time, Buyers’ agents who wanted to get their clients into a “For Sale” home simply logged onto MLS; selected the home they wanted to show and the requested time and date; and clicked “submit.” No more. Now, MLS has a pull-down menu (above) listing no fewer than nine types...
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“Stomping Grounds” vs. “Stamping Grounds”

Does anyone know the difference? I’m guessing not, because the two terms seem to be used interchangeably (“Sally went to her college reunion and revisited some of her old stamping/stomping grounds”). At least to me, the former term evokes a factory assembly line, while the latter suggests lots of bare feet in a big vat crushing...
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Estimating the Discount for a Busy Street (or Not)

The Art of Comp Selection One of the trickier home features to account for in a Comparative Market Analysis (“CMA”) is a busy street. For a family with little kids, a busy street may very well be a deal breaker ” in which case the discount is theoretically infinite. At the other extreme, an investor looking...
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Does Lucy Come With the House?

What to Do About the 5′ Tall Fiberglass Statue on the Front Lawn Should the Buyer of this 1950’s rambler just west of Cedar Lake expect the Lucy statue on the front lawn to come with the home? Step #1: determine whether it’s a fixture — Realtor-speak for, “is it permanently attached to the home?”...
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