Tag

virtuous cycle

Hot Neighborhood Harbinger: “The New Restaurant Test”

Housing Market Leading Indicators What are the signs that a neighborhood is about to be christened that most coveted of labels, “up-and-coming?” One of my favorite bellwethers is (good) new restaurants (dare I say “trendy?”). Such enterprises are budget-conscious, so need to find parts of town with cheaper rent. But, they need to be close enough to...
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Downtown Minneapolis Grocery Stores

From Desert to Oasis — in 5 Years Once upon a time — like 2008 — downtown Minneapolis residents had to choose between limited, overpriced corner convenience stores, and jumping in their car to go to a “real” grocery store in the ‘burbs. Today? Lunds has two stores — north and south — bracketing downtown, and a...
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Staging & "Critical Mass"

Are More Sellers Staging Today? It sure seems that way. No doubt, that’s because every $1 spent on staging can easily add $3 (or $10) to the value of a home. And because, in a Buyer’s market, there are lots of competing homes for sale, and to attract a Buyer homes have to look their...
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