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Housing Market Trends

Wall Street Journal: “Minnesota Governor Walz Has Designed Destructive Policy to Address Coronavirus”

How is Minnesota’s Governor Doing? Ask Minnesotans The sad news from the Land of 10,000 Lakes (and nearly 50,000 state employees) is that Minnesota has been implementing the disastrous Covid-19 strategy made famous by New York’s Gov. Andrew Cuomo. The essence of the plan is to forcefully reduce the income of people at low risk,...
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Looking for a Home Near Cedar Lake in Minneapolis (no Realtor required)

Wildlife Lost — and Found! Earlier today, I received this email from the listserv for my neighborhood (near Cedar Lake in Minneapolis): This little chick wandered into our front yard today – no signs of a mother or siblings. Does anyone have a duck family in their yard near Sunset and Drew? We’ve checked out...
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“Splitting the Difference” & Other Negotiating Tactics

Real Estate Negotiating Principles “Whomever speak first [in a negotiation] . . . loses.” —Anonymous. “Whomever proposes “splitting the difference” in a negotiation stands to get the better bargain.” —Corollary, Ross Kaplan. Veteran negotiators will attest to the truth of the first statement: if you speak first, you never find out if the other side...
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Hobby Farms < 1 Hour From Twin Cities

“Hobby Farm” vs. “Farm Farm” When a home on a large lot somewhere in the “burbs doesn’t scratch your itch, what’s next? There’s alway a cabin up north (it IS Minnesota, after all). Other alternatives include a vacation timeshare; a 2nd home in another part of the country; or simply increased travel — at least,...
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“Detached Townhome” vs. “Single Family House”

MLS Style Category Definitions 1. (SF) One Story (ONEST) One story single-family house 2. (SF) One 1/2 Stories (ONEHF) One 1/2 story single-family house. Second floor only has adequate ceiling height in a portion of it. 3. (SF) Two Stories (TWOST) Two story single-family house. Has adequate ceiling height throughout upper story. 4. (SF) More...
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Why is the Buyer’s Agent Called the “Selling Agent?”

“Real Estate Terminology 101” One of the confusing things about residential real estate is that, once a deal closes, the Buyer’s Agent is called the “Selling Agent.” Isn’t the Listing Agent, representing the Seller, the “Selling Agent?” Well, no. Think of it this way: the Buyer’s agent is selling something ” actually, two things: One....
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