Cheaper — Not Necessarily Cheap In a recession, everyone’s looking for a sale. So it stands to reason that a home that has just had a big mark-down is a deal, right? Not necessarily. Simply knowing that a home that used to be “X” is now $10,000 less — or $50,000 — really tells you...Read More
A Price Cut By Any Other Name When is a home price cut not a price cut? When it’s billed as “Seller financing” (or other creative Buyer inducements). In a soft rental market, landlords will do practically anything to entice prospective renters without actually lowering their nominal rental rates. By far the most popular gambit...Read More
Upper Bracket Woes Although Edina has been a housing standout in the current downturn, it, too, has pockets of excess inventory, and homes that have suffered serial price cuts — and still aren’t selling. Just one street in Edina’s Country Club section, Sunnyslope, now has six homes on the market, at prices ranging from $729,000...Read More
