Out: Gaudy. In: Practical Hummer’s are out, BMW 3’s and 5’s are in. Auto’s, right? Those, too, but I was thinking about the housing market equivalent: well-built and updated homes with all the bells & whistles in high-demand Twin Cities neighborhoods like Tyrol (Golden Valley), Fern Hill (St. Louis Park), and Linden Hills (Southwest Minneapolis)....Read More
From Floor to Ceiling Last year, 90% of you were in the top 10% of your class. Today, 90% of you are in the bottom 90% of your class. –Stanford Dean of Admissions Fred Hargadon, to each incoming class at freshmen orientation Five years ago, if a home’s tax assessed value was relevant at all...Read More
One Less Holdover in Fern Hill What characterizes a weakening housing market? Currently “For Sale” properties linger inordinately, creating a backlog that undercuts pricing for successive, new listings. What characterizes a firming market? Long-time, “carryover” listings get absorbed, tightening supply and setting the stage for more aggressive listing prices prospectively. Category #2: Exhibit A You...Read More
