Housing Market Leading Indicators What are the signs that a neighborhood is about to be christened that most coveted of labels, “up-and-coming?” One of my favorite bellwethers is (good) new restaurants (dare I say “trendy?”). Such enterprises are budget-conscious, so need to find parts of town with cheaper rent. But, they need to be close enough to...Read More
One Less Rambler Near the Lakes Continually replace the cheapest house on the block with the most expensive, and what happens? The block’s median sales price increases. Sometimes gradually, if the pace is slow. Or sometimes, quite rapidly, in the case of several high-demand pockets near the City Lakes right now. Thanks to such redevelopment,...Read More
Watch This Space Corner: 27th & Hennepin Or, “Before & After(??)” What’s going to take the place of the shuttered BP Amoco at the southwest corner of 27th & Hennepin in Minneapolis’ Uptown neighborhood? Judging by the “virtual” rendering commissioned by the broker marketing the site (see image in the lower left of the photo above,...Read More
