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,...Read More
Runner-Up Name: “The Parking Lot Closing” [Note to Readers: 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.] To limit the risk of coronavirus exposure, Edina Realty — and no doubt other brokers...Read More
From “Father of Our Country” and “The Great Emancipator” to . . . . “The Pandemic President” [Note to Readers: 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.] It’s more than a...Read More
High Washout Rate [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.] One of the last things that can come up before would-be home sellers officially hire an agent is what Realtors call an exclusion (or sometimes protected)...Read More
Dream Home? Maybe Not, But Dream Price Everyone in real estate (and many outside of it) knows the phenomenon: homes on busy streets turn over more often. The explanation is self-evident, right? The occupants get tired of the traffic and move on. That may certainly be true, but as a Realtor, I see another, economics-based...Read More
What Realtors Routinely Get Wrong; or, “How Come There’s No Such Thing as a 2-Season Porch??” If Realtors routinely confuse the various types of porches . . . I don’t know what chance a layman has. Perhaps that’s why, as a public service for Twin Cities Realtors, the local MLS has a post describing the...Read More
