Thursday, September 20, 2007

The Housing Market Slump


Our daughter and husband are in the early stages of looking for another house. They would like to move in a year or so and have been considering pros and cons of different neighborhoods, suburbs. I thought I would send them the info about this house that is new on the market. A front page article in the daily paper featured a story about this house for sale with the headline, "If You Have to Ask 'How Much"..." To finish the line, most wouldn't qualify for a loan for this mansion with an asking price of $53,500,000. The realtor said it was hard to price because there aren't many comparible homes for sale like this in Minnesota. It is the original home of the Pillsbury family with extensive frontage on Lake Minnetonka. Read the add online and see the pictures if you are interested. This might not be in our Mary's future...yet. They don't need 9 bedrooms and 16 bathrooms or two pools. The article said very expensive homes are not affected that much by the current housing slump.

No comments: