Newspaper Headline: “Motivated Buyers Sparked Twin Cities Home Sales to a Record Pace in June” Once again, Twin Cities Realtors are going to have to explain to their clients brandishing the latest housing news headlines why all is not as it may seem. Specifically, even in a Seller’s market — which continues to characterize the...Read More
Way to Go, Gabriel! “If someone broke into your house . . . calling the police would just let the robber know where you are,” said 11 year-old Gabriel Kaplan, who wrote to the Star Tribune recently asking why it’s not possible to text for help. Kaplan said he couldn’t sleep one night because he...Read More
“West of FIrst Avenue DOwntown” “Twin Cities Apartment Developers Offer Amenities for Fido.” —Star Tribune (2/7/14) Manhattan has Soho — short for, “SOuth of HOuston Street” (not to mention Tribeca, Nolita, etc.). There’s the “Dumbo” neighborhood in Brooklyn (“DOwn Under the Manhattan Bridge Overpass”). Even Denver has a hip, “truncated/acronym” neighborhood: “LoDo,” short for LOwer DOwntown....Read More
Why Metro-Wide Housing Prices Are Meaningless; “A Tale of Two Cities Minneapolis Neighborhoods” “It’s not a stock market. It’s a market of stocks.” –old saying “The housing recovery is real and sustained in the metro area, turning a buyer’s market into a seller’s market. But while some neighborhoods soar, others suffer.” –“Inside Twin Cities Housing...Read More
Where’s All the Cash Coming From? “Using cash allows real estate investor Jeremy Rupp to pay less than the asking price, then after the deal closes, he gets a mortgage on the home to free up more cash to keep buying.” –Jim Buchta, “Cash is Still King“; The Star Trib (11/3/2013) Call it the real estate version...Read More
Back in Fashion: Ramblers “People want to remodel their homes so they can age in place. They’re adding main-floor Bathrooms and Laundry Rooms, zero-curb showers that could accommodate a wheelchair, and Family Room additions that could easily convert to main-floor Bedrooms.” –Kim Palmer, “Remodeling on Rebound”; Star Tribune (5/5/2013) Along with the housing market, remodeling...Read More
