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August, 2015 Housing Market: Macro Variables > Micro?

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City Lakes Real Estate Blog. August, 2015 Housing Market: Macro Variables Micro? August 12, 2015. China’s Chickens Come Home to Roost* or,. Is the Opposite of the “Wealth Effect” the “Poverty Effect? Normally, I tell prospective home Buyers and Sellers to tune out “macro” factors like the broader economy, (un)employment, etc. and instead focus on “micro” factors affecting the specific property they want to buy or sell. So, forget about the 16,000 or 17,000 homes currently for sale in the Twin Cities.

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City Lakes Real Estate Blog — Page 2

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City Lakes Real Estate Blog. What Motivates Jerry Seinfeld, or, Comedy as a Calling. April 4, 2017. 8220;Is there anything you still want to accomplish? 8220;My entire adult life is just making comedy stuff. For some reason, it’s important to me to make as much of it as I can. I imagine a woodchuck has a similar mindset: ‘I’ve got to chuck wood, as much as I can, because that’s my thing.'”. 8211;“Comedians in Cars Getting Coffee.”. 8220; What Motivates Senior Managers at Berkshire Hathaway? April 4, 2017.

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Lawrence Lessig For President!

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City Lakes Real Estate Blog. Lawrence Lessig For President! August 11, 2015. What do you do if like Donald Trump’s message, but are repulsed by the messenger? According to polls, Trump is leading the Republican field because millions like his message: that today’s money-soaked politics serves the interests of a select few — and disserves the interests of everyone else. My suggestion: take a look at Harvard Professor Lawrence Lessig, who’s just announced an exploratory campaign for President. Aug 11, 2015).

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“It’s a Bird, It’s a Plane, It’s a . . . Drone?!?”

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City Lakes Real Estate Blog. 8220;It’s a Bird, It’s a Plane, It’s a . . . Drone? August 11, 2015. Drones may be controversial in modern warfare. But, there’s at least one field where they’re an unmitigated blessing: residential real estate. Specifically, drones — or at least their first cousins, remote-controlled helicopters — have. Reduced the cost of getting shots like the ones of this home, in Golden Valley’s Hidden Lakes neighborhood. 8220; Show Tell: The Appeal of Aerial/Boom Shots”. Three Questions...

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Appraisal

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City Lakes Real Estate Blog. Real Estate Bracketing — Advanced Beginner Version. February 23, 2017. As I’ve discussed in previous posts, the essence of pricing real estate is what’s called “bracketing.” (. 8220; Bracketing,” Explained. 8220; and “ Why the Neighbor’s House Usually Isn’t a Comp. Translation: you need to find a home that’s just. The home you’re trying to price (called the “subject property”) and one that’s just. So far, so good. If the $475k home is significantly. January 30, 2017. One of t...

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comp

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City Lakes Real Estate Blog. Prospective Home Buyer: “The House I Want is in Multiples; What Should I Offer? March 9, 2017. 8220;What You’re OK With If You Get It . . . . and What You’re OK With If You Don’t”. In my 15 years selling residential real estate, perhaps. Most fraught question I’ve fielded from clients has to do with multiple offers. Specifically, it’s stressed Buyers beseeching me, “What the $%#@! Due Diligence Ducks in a Row. However, if the answer’s “Yes,”. 8221; “How long have I alre...

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Does the Seller REALLY Already Have a Buyer Lined Up?

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City Lakes Real Estate Blog. Does the Seller REALLY Already Have a Buyer Lined Up? August 13, 2015. Three Questions to Ask. One of the last hurdles for would-be Sellers and their agents to surmount before signing a listing contract often is how to handle prospects who’ve already expressed interest in the home. Sometimes, what appears to be very serious interest. The conversation usually goes something like this:. I’d be happy to negotiate a discount if that happens. But . . . Tell me a little more first.

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Selling Art — & Houses! — in Uptown This Weekend

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City Lakes Real Estate Blog. Selling Art — & Houses! 8212; in Uptown This Weekend. August 7, 2015. Piggybacking on the Uptown Art Fair. If you’re a Realtor listing a home in or near Minneapolis’ Uptown neighborhood, what does this weekend’s art fair represent? Free advertising — and tons of extra foot traffic! Which is why there is sure to be a bumper crop of open houses there this weekend. Tagged as: 2015 Uptown art fair. Post by Ross Kaplan. Subscribe to the City Lakes Real Estate blog feed via RSS.

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The Overstated Ills of ETF’s

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City Lakes Real Estate Blog. The Overstated Ills of ETF’s. August 13, 2015. Price Discovery, But Now With Fewer “Patsies”. 8220;If you’re playing poker for half an hour, and you don’t know who the patsy at the table is . . . It’s you.”. As super-cheap exchange traded funds (“ETF’s”) proliferate, Wall Street is fighting back. 8220; The Downside of ETF’s”. The Wall Street Journal. Aug 9, 2015). Maybe (it depends on who the people are; see below). Active vs. Passive Investing. Finally, I’d argue that,...