Tag

housing market

What to Worry About in 2017: Housing Market Edition

Et Tu, Fannie & Freddie? Stocks are breaking records, the dollar’s soaring, and gas at the pump is still (too?) cheap. And, y’know, the economy actually doesn’t seem to be doing too badly. What could go wrong? (at least, in the housing market). If you’re going to be a worrier, anyways, you might as well worry...
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Christmas — and TNAS — Season

Chances of Selling: “Possibly” vs. “0%, 100% Guaranteed” “In the land of the blind, the one-eyed man is King.” –proverb The real estate corollary to the proverb above? “During a time of year when inventory of good homes is depleted, and lots of “For Sale” homes are temporarily off the market (“TNAS,” or Temporarily Not...
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Sizzling Southwest Minneapolis . . .

 . . . . Housing Market, That Is Never mind the heat and humidity the past week . . . how hot is the Southwest Minneapolis housing market? At least for well-priced, well marketed homes under $400k . . . very (hot). Instant Multiples The home at 3537 Aldrich — listed for $339,900 by Edina...
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Purchasing Power Pop: Why Housing Might Go Up 15%. Fast.

30-Year Mortgages @ 3%?? For the moment, mortgage rates have bottomed, and may be even be climbing a bit. But, broader market forces (as they say) definitely seem to be tugging rates lower this Summer. Brexit Financial Aftermath There is now a stunning $10 billion-plus in negative-yielding government bonds globally (think, Germany, Switzerland, and — surprisingly,...
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Brexit’s Effect(s) on the U.S., Twin Cities Housing Market

(Even) Lower Interest Rates vs. Weaker Economy “It’s too soon to tell.” –Chinese leader Mao Tse-tung, when asked — in 1948(!) — about the historical significance of the French Revolution. To accurately assess the potential effect of Brexit on the housing market, one must first identify and analyze the biggest variables. Here’s my take: Positives...
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Brexit’s and Black Swans

Known Unknowns vs. Unknown Unknowns “Britain Stuns World With Vote to Leave E.U.; Cameron Plans to Resign, and Markets Fall.” –headline, NYT (6/24/2016). Is the British exit (“Brexit”) from the European Union — roiling global stock markets today — a Black Swan? I’d say “no.” Sell First, Ask Questions Later A Black Swan is an...
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