The Goldilocks Market “Twin Cities Home Prices Best Predictor of U.S. Trends” —headline; U.S. News & World Report (7/30/2014) Call it the “Ohio” of the U.S. housing market. Just as Ohio voters seemingly choose the President every four years (or have, at least every election since 1964), according to Trulia, the Twin Cities housing market...Read More
Soft(er) Summer Pricing Housing market conventional wisdom is that Buyers have more choices — but pay higher prices — in the busier Spring market vs. waiting for Fall. Fortunately for Twin Cities Buyers (less so for Sellers), there are some early indications that that may not be the case this year. So, my Buyers —...Read More
28th & France Ave. by Cedar Lake This Morning It’s hardly unusual — especially in the Summer near the Lakes — to see a line of parked cars in front of a home, with a crowd of people in front (or waiting to get in). But, it IS unusual to see that . . ....Read More
The Ayes Eyes Have It, or “Holdover” Buyers & Sellers Anecdotally, Twin Cities agents (myself included) are reporting an uptick in the number of prospective Buyers saving or watching listings on MLS this Summer. A couple months ago, it was typical to have 2-3 Buyers save a listing; now, those numbers can be double or...Read More
How Many Square Feet is THAT?!? At first blush, the home pictured above looks like it has something like 30,000 finished square feet, not the relatively puny 4,400 FSF listed on MLS — and is worth A LOT more than the $2.15M asking price (even in the affordable Midwest, genuinely palatial digs cost more than that). Looking more closely,...Read More
Bird Watching (of a Sort) It’s hardly scientific, but if you want a quick-and-dirty, statistics-free take on the Twin Cities real estate market, do what I did over the weekend: count construction cranes. Including Downtown Minneapolis, Uptown, and Lake Calhoun (what’s going on at the Calhoun Beach Club??), I counted easily a dozen such multi-story contraptions....Read More
