Four Explanations “Man came by to hook up my cable TV We settled in for the night my baby and me We switched ’round and ’round ’til half-past dawn There was fifty-seven channels and nothin’ on” –Bruce Springsteen; lyrics, “57 Channels (And Nothin’ On)”** It’s not just Buyers’ imagination: there really IS a dearth of...Read More
Hungry Twin Cities Buyers Face Limited Inventory Want to know what’s going on in the Twin Cities housing market now in a nutshell? It’s all in the arrows: Employment/Job Growth: ↑ Housing Inventory (Listings): ↓ Showings: ↑ Mortgage Rates: ↓ Mortgage Applications: ↑ Rents: ↑ Net it all out, and what emerges is a picture of...Read More
To most Americans (and the world?), today is known as “Super Bowl Sunday.” To Twin Cities Realtors, though, it has another association. Namely, it’s the day preceding the official beginning of the Spring housing market (forecast local high tomorrow: 18 degrees . . . above). 🙂 P.S.: My other official marker of the Spring...Read More
“So Done” vs. “Are You Done Yet?” For an unassuming four letter word, “done” sure has a lot of different connotations. I count at least eight (below), including two meanings — one good, one bad — popular in residential real estate. One. To perfection. Example: “That house is done. It’s not staged like a spec house.”...Read More
Three Caveats — & One Big Outlier Prices in St. Louis Park’s “first alphabet” Fern Hill neighborhood have been appreciating smartly over the years. Which only makes sense: the high-demand neighborhood is just west of Cedar Lake; close to downtown Minneapolis and Uptown (but not too close); and has been enjoying a wave of major...Read More
New Listing — Or Is It?? Would-be home Sellers who pulled their listing over the holidays typically wait for two things: 1) for the post-holiday period to pass, usually a few weeks into the New Year; and 2) mild weather (defined as mid-teen’s or higher in Minnesota in January). The last few days qualify, which...Read More
