2011 housing market trend

“The Premium for Medium”

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)....
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Tax Assessed Value, Then & Now

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...
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Fewer “Leftovers” = Better Market Tone

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...
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