“We Can Always Drop the Price, Right?” Yes, But . . . Wait a second! Don’t leftovers come after Thanksgiving? Not when it comes to the housing market. In my own neighborhood close to Minneapolis’ Cedar Lake, I’m aware of at least half a dozen very nice homes which came on the market as far back...Read More
Home Prices vs. Price Per Square Foot If all you had to go on was the graph (above) showing median home sale prices, it would be easy to field the question, “Which suburb is more expensive, Minnetonka or St. Louis Park?” Answer: Minnetonka, where the median sales price of $340k (as of September 2018) easily eclipsed...Read More
Hint: What’s In Between a Buyer’s and Seller’s Market? Along with most large metro housing markets, the Twin Cities has favored Sellers for so long — about 5 years now — that Buyers and Seller (if not their agents) can be forgiven for forgetting that there are two other kinds of markets. The first is...Read More
. . . And Isn’t Likely to Volunteer “Fake it till you make it.” —Career advice to newbie real estate agents. In a hyper-competitive field where sales bluster is an ever-present temptation, real estate agents aren’t exactly the type to betray ignorance or confess a lack of confidence. And even consummate Realtors with years of...Read More
“By popular request, the new NorthstarMLS default setting for ShowingTime overlapping appointments is to continue to allow them, but no longer reveal the appointment blocks/overlaps to the showing agent that other agents have scheduled.” –Notice to Twin Cities Realtors, NorthStar MLS (August 7, 2018). [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and...Read More
The Mindset of Buyers, Sellers, and Their Agents . . . in Three Words Want a 3-word summary of the current state of the housing market and people’s mindset? Here’s mine by category: Buyers: “Wary.” Not all but many Buyers now are nervous about what they perceive to be elevated housing prices — and what comes next....Read More
