home sales: Should I Stay or Should I Sell? - 01/29/19 10:48 AM
Elliot Eisenberg, The Bow Tie Economist, told me that 40% of homes in the US are free and clear of the mortgage. If not totally free and clear there is a whopping 45% who have over 50% equity.  Who would those people be?  They're probably Baby Boomers who've lived in their home 15+ years or investors. 
Every homeowner considers selling at some point. The question is why would they sell?  The National Association of Realtors says 80% of homeowners considered remodeling. There are lots of questions in deciding to stay or to sell.
Most people who have been in the home for 10+ … (1 comments)

home sales: Good News for Sellers in SW Minneapolis - 01/30/18 09:42 AM
Southwest Minneapolis has lots of advantages, and is always a good investment. Even during the Recession values held, and foreclosures were few and far between. What makes SW so popular is that it feels like a suburban walking neighborhood around Lake Calhoun and Lake Harriet, yet minutes from down town. There were 26 new construction homes sold in 2017, ranging in price $582K to $1.2 million. Most of the new homes took out an older home, and rebuilt. Even those tiny older homes are in demand to either be rehabbed, or completely rebuilt. Prices are inching up due not only to … (0 comments)