Explaining Why There’s Nothing for Sale: A Theory Just when Twin Cities Realtors and brokers thought local housing inventory couldn’t get any tighter . . . it did. As of this week, there are barely over 10,000 units for sale in the entire 13-county metro area. That compares with more than 30,000 units for sale...Read More
“You’ll Love the Office . . Exercise Room . . . Spare Bedroom . . . Bonus Room!” I just showed clients an Edina home with what looked to be an Amusement Room. A very underwhelming Amusement Room. The room was hard to access (down a half flight of steps at the end of a hall); had a vaulted ceiling...Read More
Explanations and Silver Linings (or Not) for Defeated Democrats At least some Democrats seeking solace in the wake of Tuesday’s blowout Republican win are pointing to gerrymandered Congressional districts as the explanation. Exhibit A: liberal Austin, Texas, which is represented in Congress by no less than four Republicans — each of whom represents a district...Read More
Fewer Showings — But a Silver Lining, Too So far this Fall, the word amongst active listing agents (representing Sellers) is that showings are way down (that’s been my experience, too). If you want a benign explanation, blame it on the gorgeous Fall the Twin Cities has been enjoying thus far, keeping Buyers’ focus elsewhere...Read More
Putting (Too) Good a Face on Things? It’s a fact of (real estate) life: sales fall through. Buyers change their minds. Inspection issues come up. Buyers can’t get financing* (the honest explanation at least 80% of the time). When any of those (or other) unhappy events occur, listing agents have the demoralizing task of switching...Read More
