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housing market

Obama Here? Where?!?

“President Obama Made Me Late!”  (Yeah, Right) President Obama’s visit to the Twin Cities this am — apparently, he’s speaking at the Honeywell plant in Golden Valley — is playing havoc with local traffic, at least on the west side of town. And it’s not just Highway 100, which appears to be closed (at least between Highway 7...
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Awkward Dual Agent Moment #24

Recommending a Radon Test (or Not) “No man Realtor can serve two masters.” Regular readers will recall a recurring theme on this blog. No, not my penchant for alliteration.  🙂 My stance on single agent dual agency, which is when the same agent represents the Buyer as well as the Seller. Namely, I regard it...
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What Are “City Lakes” Readers Reading?

Blog “Traffic Reports” First, a disclosure:  while I cannot identify specific visitors to this blog (nor do I want to), I CAN see the domain names they — you — are visiting from, as well as which posts visitors start and finish on. I regard that as useful feedback, and use it (at least a little...
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Ten-Year Treasury: Now 1.659%

“Risk Without Return” Just two weeks after I last noted plunging interest rates (see, “Refinance Redux, or, “Thanks, Greece!”) . . . they’ve dropped even further. This time, the catalyst is Spain (can you spell C-O-N-T-A-G-I-O-N?) While home Buyers may not follow gyrations in world debt markets, if you’re looking for a home — or...
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Taking the Fun Out of a Deal (Literally)

Avoiding Personal Property “Tug of War” The general rule in residential real estate is that fixtures stay, personal property goes. Which, I suppose, just begs the question:  ‘what’s a fixture?’  (See, “How to Tell if Something is a Fixture“). But a good corollary is, “when in doubt, better to be explicit.” So, the Sellers in...
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“Tight-Knit Neighborhood” — Defined

“They Heard it Through the Grapevine” I’m sure there’s more than one definition of a tight-knit neighborhood, but here’s mine:  when a friend calls you up to congratulate you on selling a home two blocks away from him — and he doesn’t know the Buyer (your client), and the home hasn’t even closed yet! It...
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