Tag

no inventory

Prospective Buyer: “I Want Something 25% Below Market, That I Can Fix Up and Flip for Double, That the Seller Will Finance. Oh, and Do You Know Any Contractors??”

“Good Luck With That” Department I fielded a call the other week from a prospective Buyer who must have just skimmed “How to Make Millions in Real Estate” (or some such title) at Barnes & Noble. I doubt that such an approach ever worked, but it’s a guaranteed loser — and a time sink — in a...
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Stealth Housing Statistics

Overreaching Sellers (& Their Side Effects) The big story in the housing market so far this year has been (lack of) inventory. As previously discussed on this blog, that has resulted — at least in the lower price rungs dominated by first-time Buyers — in multiple offers, upward price pressure, and lots of frayed Buyers (and...
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Hey! Where’d All the “For Sale” Signs Go??

Shrinking Twin Cities Housing Inventory It’s been awhile since I tooled around my old, Southwest Minneapolis stomping grounds. And, prior to the election, it seemed like every other front yard had one big sign or another in it. But, with those all gone, and the trees and yards pre-Winter bare, I was struck by how...
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