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Housing Market Trends

Prospective Home Sellers Who Get a 2nd Opinion ” and a 5th, 6th & 7th

Looking For a Realtor?  Or (Lots & Lots of) Compliments? I heard about a prospective home Seller the other day who interviewed seven (!) Realtors to list their home (I wasn’t one of them). To be sure, the home was a multi-million dollar estate on Lake Minnetonka, but still ” seven Realtors?? I’m sure that...
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How to Get a Zillion (??) Offers for a House

Blast From the Past** [Note to Readers: 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.] So . . . exactly how do you get multiple offers for a home in today’s housing...
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Discounting for Deferred Maintenance: How Much?

Rules of Thumb Veteran Realtors know that $1 in deferred maintenance subtracts much more than that from a home’s sales price. The ratio can be 3:1, 4:1 or even higher. While the exact amount is house and buyer-specific, at least anecdotally, there seem to be two factors that widen the discount. One. Price Point. First-time...
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“It’s 1:45 p.m. Do You Know What the Dow’s Doing? No? Good!!”

Plunge in Dow, Interest Rates Continue; Airline Stocks Hit [Note to Readers: 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. If you want an upbeat take on the market . . ....
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New Home Trend: Upstairs Living Space (But, What Do You Call It??)

“Upstairs Den?” “Family Room #2?”  “Upper Level Lounge?” First, laundries migrated from dark, dingy basements to the upper level. Now, the home’s living spaces are following them upstairs. Versatile, Multi-Function Space (and Light!) Specifically, many new construction homes in the Twin Cities now feature an upstairs sitting area ” typically near the top of the...
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“Free Mortgages! Git Your Free Mortgage!!”

Dow Drops 1,032 Points on Coronavirus Fears [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, I don’t see mortgages becoming free any time soon. Even if long-term interest rates...
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