Maybe Trump WASN’T Lying When He Said, “I Alone Can Fix It”

It Depends on What the Definition of “It” Is (and also “Fix”) “Fix“: Pronunciation /fiks/ /fɪks/ (Informal): Influence the outcome of (something, especially a race, contest, or election) by illegal or underhanded means. –Oxford Dictionary. [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway,...
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History’s Shortest — and Scariest — Bear Market

Dow Drops Almost 11,000(!) Points in < 6 Weeks  If — If — the current stock market rally holds, the six weeks just transpired will qualify as history’s shortest — and most harrowing — bear market. Think, “bungee jump,” but with billions of people around the world partaking simultaneously. From its start on February 12,...
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Coronavirus and the Housing Market

Lower Interest Rates vs. Economic Uncertainty How will coronavirus affect the housing market? The answer likely depends on two questions: 1) which Buyers?; and 2) which segment(s) of the housing market — specifically, which price points? So, at the lower end of the market, especially in the Twin Cities, there remains an acute shortage of...
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“How to Avoid the Next Real Estate Downturn,” according to The New York Times

Mistitled — & Misleading [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.] “Tell me where I’m going go die, so I won’t go there.” –Berkshire Hathaway’s Charlie Munger. Sorry, notwithstanding...
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Higher Interest Rates = Stronger Economy (Usually)

Is Apprehension About Rising Rates Misplaced? Conventional wisdom is that higher interest rates would be disastrous for a still-recovering economy. Is that mindset right? Maybe not. Whither Interest Rates? If rates are rising because the economy is stronger, that’s a positive, not a negative. As one loan officer I work with said, “If you’re hoping for dirt-cheap...
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The Case of the Missing Sweat Equity Buyer

Three (and one half) Theories One of the more confounding things about today’s — shall we say — “unusual” housing market is the conspicuous absence of what Realtors used to call the “sweat equity” Buyer. In no particular order, here are the three explanations I hear most often — and find most credible. One.   Soft...
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