As 2010 draws to a close, we start a new chapter in a matter of days. It appears that the recession of 2008/2009 is formally behind us and the lessons that we learned from that experience are monumental. The old adage, “cash is king” sure rang true. Walking into an economic downturn in one’s life…
New home sales rose 5.5 percent in November, but sales continue to rise from historically low levels. Prior month’s data were revised downward with August setting a historic low at a pace of 274,000 units. The overall inventory of new homes fell to 197,000 units, the lowest level since 1968. The pipeline of new housing…
I have yet to see the benefit from the sprinkler ordinance imposed on this community by Alexandria’s City Council. I live on the streets of Alexandria everyday and work with business owners in that routine. Numerous times, I have had owners state that they do not want to expand the size of their facility because…
2010 Census Report In the U.S. Census Bureau report yesterday to the President of the United States, 10 days before the deadline, it showed that as of April 1, 2010, the resident population of the United States was 308,745,538 people. The resident population represented a 9.7 percent increase over the 2000 U.S. resident population of…
Recession Article.pg2Recession Article.pg1I had saved this article this spring and thought that I would share it. I kind of knew but now I have it posted in my blog so that I always have access to “WHAT MAKES A RECESSION?” This is from the Minnesota Association of Realtors magazine this spring. Source: Minnesota Association of…
Reading reports this morning, all fairly upbeat. Unemployment will drag in 2011, Deficit spending by the Government…it looks like it’s up to the private sector to clean up the mess. Don’t tax the hell out of us and we can get it done. Here’s what I am reading: “…Once the details(extending Bush-era tax cuts, payroll…
Annual Economic Outlook.Dec 2011 On Page 4, second half of the page…check that out. On Page 5, more optimism On Page 9, worth reading On Page 10, I love this stuff On Page 11, Inflation versus Deflation…? On Page 13, more questions about Inflation On Page 15, Keep Your Eye on the Pendulum I suggest…
You know, I have been selling real estate here in Alexandria for 28+ years now. As I drive down Broadway Street from 3M to Big Ole, I see two rent signs for retail, one at the Daily Grind location and one at the Quizno’s building. Going up 3rd Avenue to the East to Nokomis street,…
