Twin Cities For Sale, Rental Markets It’s widely known that the annual Twin Cities housing market generally peaks March-April (the exception being 2005, when the peak was November(!)). At least anecdotally, however, it sure seems like that’s when the local rental market peaks, too. That’s based on what I’m seeing with my own clients, as...Read More
Is the Twin Cities housing market shifting gears? Put it this way: the public perception certainly has. See, “Twin Cities Home Prices Up; Traditional Sales Strengthen.” In fact, the market does feel different this spring. The weekly Broker meetings — always a good litmus test of market trends — have devoted more time to dealing with...Read More
Permission to Lowball . . . Denied As a listing agent (representing Sellers), I sure seem to be parrying a lot more of what I’ll call “verbal probing” these days. The gist of all the questions being lobbed by Buyers’ agents: “would the Seller consider an offer significantly below the current asking price?” Thrust — and...Read More
It Takes Two to Tango Do a Deal SOUTHWEST MNNEAPOLIS 2+ Beds, 2 Baths, 1,300+ sq. ft. Swanky Modern or Mid-Century Modern Joseph Arcand: 612-821-4232 –Excerpt, Edina Realty ad; Southwest Journal (February 20 – March 4, 2012) What do you do in a Twin Cities housing market characterized by falling inventory, and frustrated Buyers who...Read More
More Twin Cities Housing Indicators Flash “Green” The “housing-has-bottomed” camp has some fresh, new ammunition. At the top of the list is an excellent post by Edina Realty colleague (and fellow blogger) Aaron Dickinson, marshalling a wealth of Twin Cities housing data that cumulatively makes a single point: the local housing market is stronger than...Read More
Pricing a Home When the Comp’s are Tough “You have to know the rules before you know when you can break them.” Normally, the standard way of doing a CMA (“Comparative Market Analysis”) is to limit your focus to three Comp’s, or “Comparable Sold Properties.” By definition, those are the nearby homes most similar in...Read More
