You Read it Here — and Here, and Here — First “Stunned Home Buyers Find the Bidding Wars Are Back” —Wall Street Journal (April 27, 2012) So, more than 2/3 of the way into the Spring housing market, The Wall Street Journal is running a story, today, about the reappearance of multiple offers. Contrast that...Read More
That’s One Helluva Price Reduction $83 million-plus price reductions — at least in the Twin Cities — do tend to catch your eye. The obvious explanation in this case (for a condo in the former Whitney Hotel along the Mississippi)? Data entry error. The correct — and MUCH lower asking price — popped up on MLS about...Read More
Generic Answer: ‘It’s None of Your Business!’ First, a confession: when I’m swamped — as I am now — promptly turning around listing agents’ “showing feedback forms” is not my highest priority. Taking care of clients is. That said, “customized” feedback forms which pose open-ended questions — and lots of them — certainly don’t help matters...Read More
5652 Woodcrest Drive in Edina At least a few would-be Buyers of well-priced, $1 million-plus homes in mint condition in East Edina are scouring the housing market with a little more urgency today. Why? Because 5652 Woodcrest Drive in Edina’s Colonial Grove neighborhood — a home exactly described by the above profile — just sold in multiple offers....Read More
How Much is Apple Worth? “A chicken in every pot.” –early 20th century political campaign ad. “An iPhone in every hand . . . in the world.” –economic reality, 2012 Well, all the folks who feared that Apple would founder (no more f’s, promise) after Steve Jobs’ passing have been proven wrong, big-time: the company’s stock went...Read More
“Gorgeous Home With Beautiful Wayne’s Coating” Two new listings + two broker tours + 15 Buyer showings + 3 Purchase Agreements — all since Saturday — equals . . . no City Lakes blog posts. Unless you count this one. P.S.: Thanks to colleague Kathy Dick for hosting the Broker Open at 3806 W. 32nd...Read More
