What a strange and wild ride it has been over the previous 12 months. We have seen interest rates lift off from record lows to levels not seen since the previous housing boom and bust. This pivot has created a perception of doom and gloom. Let’s quickly recap before we start tossing out predictions. Rates […]
Step outside of Ryan Estis’ North Loop condo in Minneapolis, and you’re in the heart of it all. Being just a short walk to restaurants, retailers and entertainment venues is one of the many reasons he loves the location. […]
The current owner put his design background to work in updating his condo. Jay Nuhring doesn’t mind bringing work home. After all, he runs an interior styling, architecture and arts consulting company. “That’s been my go-to business for close to 25 years, mostly just helping people use what they currently have in their home and […]
As autumn is upon us, it’s common knowledge that housing has started to take it on the chin as the Fed hits the brakes hard and fixed mortgage rates have surged to over 6.7%. Home sales haven’t crumbled, housing starts are slumping, and house prices have started to roll over. Clearly a correction has commenced, […]
Peter Prudden, Dee Dee Guggenheim Howes and Neyshia Go share at Inman Luxury Connect, how they’ve built robust businesses in their respective markets by focusing on consumer needs When it comes to luxury real estate, most people think about the East Coast’s bustling metropolises with their lumbering multimillion-dollar condominiums filling the skylines or the West […]
The current business cycle has been fueled by zero percent interest rates and 7 trillion dollars in quantitative easing. Typically, when the Federal Reserve begins a rate hiking cycle it’s 25 basis points at a time in a strong economy. Presently, we are faced with a fed that is behind the curve and hinting at […]
Preparing your home for market has never been more important than now. New construction and the increase in remodeled properties with flashy finishes and designer fixtures are making the decision easy for eager buyers wanting an updated, stylish, turn-key solution. If asked “what is our competition”, and the answer is every home on the market, […]
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We started our firm four years ago with an idea to transform how residential real estate is marketed in the Twin Cities. At the time, we called it, “Disrupting real estate with integrity.” This tag line struck a chord with competing agents and the community at large. Whether you deliver good, bad or indifferent news, […]
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Earlier this year, I spoke about the spring switch, which touched upon consumer confidence and the fear of missing out. With rates hitting an all-time low on the 30-year mortgage in January, we saw a multi-month rise in rates leading up to early May. This exasperated the move in home prices paid and what people […]
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An uptick in the downtown condo market is reflected in the popularity of a 42-story building not opening until next year. The developers of the 42-story Eleven on the River condo tower in downtown Minneapolis recently gathered to celebrate topping off what is now the tallest — and one of the most expensive — residential […]
The developers of the 42-story Eleven on the River condo tower in downtown Minneapolis recently gathered to celebrate topping off what is now the tallest — and one of the most expensive — residential buildings in the city. On average, buyers will have to spend $1,000 per square foot — or $3 million per unit […]
Welcome to (almost) spring everyone! The energy on the streets and in the air is indisputable. People are ready for living life again and we are almost there. A lot of surprising trends have emerged in full force, despite the absence of 2020, and I am not speaking of combat boots, at least not today, […]
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What a strange and interesting journey it has been over the previous 12 months. We have been exposed to a pandemic and through that stress test, it has shifted how we live, work, and function. It has been met with sadness and the loss of life, but it also has provided many with perspective on […]
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There were numerous cross-currents that played out in the real estate sector nationwide during 2020 that led to a single conclusion, activity. We were hit with a pandemic in the spring, which historically kicks off the housing market. As we ascended into April, the world effectively was a standstill, and the real estate market felt this effect. Yet, […]
Top Spaces Sellers Overlook When Preparing Their Home for Market Getting your home ready for market has never been easier than with our Prudden Concierge service. Preparing your home for market may sound daunting, but we’re here to help you get it done fast and looking fabulous. Here are a few of my tips for […]
Here we are, the end of 2020, and I hope there have been many positive takeaways from this odd year. My takeaways do not come in the form of how to clean my door knobs properly or what fabric is best for fashion masks. Rather, they come in the form of discoveries. Of life’s little […]
If I’ve learned anything from this year it has been to treasure the little things in life – a phone call with a family member, mailing a hand-written note, or baking something you’ve never made before. Each one of these brings a sense of accomplishment and feeling of satisfaction – all simple acts, take little […]
Last week, Pfizer announced positive results on its pursuit of providing a Covid-19 vaccine, with 90% effectiveness, and this week, Moderna followed suit on its trial vaccine with 94% efficacy. With the government on the ready to purchase mass quantities and logistically disperse the drug, which should take roughly six months to roll out, life […]
As we witnessed financial markets cascade into the most significant correction since the Great Recession, nearly 30 Million Americans finding themselves out of work, and the economy locked down, we decided to pause our marketing. In a time of disbelief and discomfort felt by all, we felt it was appropriate. Since we began our brokerage […]
Good Morning, I have not yet used this platform to pen a personal opinion, but times are changing, and the environment in-which our firm operates (real estate) is evolving. Over the previous two weeks the tenor of the tape (stock market) has gone from gradual grind of all time highs to a swift 19% drop […]
