The Harder It is To Sell Listings, the Easier They Are to Get — and Vice Versa “Energy cannot be created or destroyed.” –First Law of Thermodynamics. OK, so residential real estate isn’t governed by anything so fundamental as the three laws of thermodynamics in physics. But, it is characterized by a peculiar sort of...Read More
Hint: What’s In Between a Buyer’s and Seller’s Market? Along with most large metro housing markets, the Twin Cities has favored Sellers for so long — about 5 years now — that Buyers and Seller (if not their agents) can be forgiven for forgetting that there are two other kinds of markets. The first is...Read More
Shortage of Sellers/Surfeit of Buyers [Note: the following column is dedicated to the memory of Ned Krahl, a good friend who passed away unexpectedly over the Summer, and whose opinions and sense of humor are sorely missed.] On an elemental level, every asset bubble in history is reducible to a simple phenomenon: a (relatively) sustained...Read More
