Oops! Washington Post Says “Nearly 15 Million Homes Sold Nationwide in April, May and June”

Fake Housing News? More Like a Missing Decimal Point Nearly 15 million homes sold nationwide in April, May and June, according to new data released last week by the Commerce Department and National Association of Realtors.” –“2020 is the Summer of Booming Home Sales ” and Evictions”; The Washington Post (7/27/2020). Maybe it was due...
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The Wall Street Journal’s Statistics Goof (Caught by, ahem . . . Yours Truly)

Will It Issue a Correction?? [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.] If 10% of the economy shuts down for one quarter, that would be considered a 40% decline at an annual rate.” –“Coronavirus Slump Is...
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The Most Important Closing Detail of All

Pre-Closing Checklist Test your mastery of real estate minutiae, and answer the following multiple choice question: What’s the last (if not most important) pre-closing detail to get right? A. The client’s net number on the ALTA (federal closing worksheet). B. Still-needed signature(s) on any last-minute Purchase Agreement Amendments. C. The listing agent’s sign riders from the “For Sale”...
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Now, THAT’S a Holiday Party!!

Date of Party, Per Invite: “December 5th-6th” You know someone’s planning a BIG party when the invite actually straddles two calendar dates. Fortunately (unfortunately?), Edina Realty – City Lakes’ 2018 Holiday Party is “only” on December 5. The explanation? The invite gives the time and date as “December 5th-6 TO 9 p.m.,” and I misread...
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Listing Agent: “Adorable Home Located in the Ferndale Neighborhood”

[Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] If you don’t know the difference between St. Louis Park’s “Fern Hill” neighborhood and Wayzata’s “Ferndale” neighborhood . . . you may not...
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The Problem(s) With “Faking it Till You Make It”

“Fake it till you make it.” –aphorism Personally, I’ve never felt comfortable with “fake it till you make it” — on either side of a professional relationship. As a client (or patient!), who wants to hire someone who’s faking it? (however convincingly). Would you want your brain operated on by an inexperienced surgeon? How about fly...
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