Pre-List Activity on Edina Realty’s “Network One” If closed sales — at the very end of the process — are a famously lagging indicator, what qualifies as a leading housing indicator? Pre-list activity on Edina Realty’s proprietary “Network One.” Essentially a Realtor-to-Realtor bulletin board for Edina agents, Network One allows Buyers’ agents and Listing agents...Read More
“Why Isn’t My House Selling If the Market’s So Hot?!?” If you estimate — as most Realtors do — that the mainstream media (“MSM”) lags the housing market by 3-4 months, what do you suppose the real estate headline(s) will be in early 2014? That Buyers have become scarcer and more cautious. That’s particularly the...Read More
Leading vs. Lagging Real Estate Indicators The headline news about the housing market this week was the latest Case-Shiller numbers: nationally, housing prices are up over 12% the last year. Meanwhile, closer to home (and in the trenches) . . . Twin Cities agents listing upper bracket homes (over $1.2 million) are bemoaning the lack...Read More
New 2013 Continuing Ed for Realtors: “Contracts and Minnesota Distressed Properties” Investing types know that the one of the keys to divining markets is determining market psychology — then acting against it. Call it, “Contrarian Principle #1.” Noise vs. Signal Given Principle #1, it’s no surprise that figuring out exactly which signals reflect consensus sentiment is something of...Read More
