Monday, July 16, 2007

Freedom From Realty?

I noticed that Financial Freedom Realty's office in Uptown (corner of Hennepin & Lake) has been vacated recently. Interesting, isn't it, that the office hawking high-end Uptown listings has itself been unable to keep its space occupied? I suppose the office space could be renamed Freedom From Realty now (haha).

The housing market, if you haven't heard, is not exactly the strongest segment of the economy these days. Foreclosures have rippled through the housing sector, pulling down prices and keeping houses on the market for much longer than normal. Realtors and lenders are feeling the burn, it would seem.

So what's going to happen to Uptown's high-end homes? Will Mozaic keep selling? Or will financing fall through and the project get canceled? How about those open-floor plan units on the Northeast corner of Lake Calhoun that go for a cool million?


Blogger Aaron Vehling said...

I saw one of those Million-dollar condos on Craigs List. They are renting it for $3200 a month.

10:11 AM  

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