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Harvard professor Mark Perry has been one observer who has consistently chronicled the silver lining in the recovery, sharing discrete pieces of data that show the economic engine gearing smartly back up.

Last Friday, he shared another in a series of posts that have looked at the recovery in local real estate markets. The subject of this post: Minneapolis.



Perry points the steady improvement over the past three years in price, value and velocity. The year-to-date numbers show consistent trends, he points out.

I’m struck by the impact on the economic vitality of real estate agents. Commission income has bounced back to where it was in 2008. With fewer agents in the market, that should mean the opportunity for agents to boost earnings is significant.

Agents will play a big factor in the continued recovery of the resale home market: the more confident and upbeat they are, the more excited home buyers and sellers will be.

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A global shift in GDP Market Share

November 24, 2009

An interesting, quick analysis of global GDP trends by Mark Perry, a University of Michigan professor, shows that on the big stage, the United States has held its share of economic production remarkably steady for the past 40 years.

Bottom Line: World GDP (real) doubled between 1969 and 1990, and has increased by another 60% since [...]

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The challenge of context and Presidential vision

November 9, 2009

People I work with know that nothing frustrates me more than expedient context. That is the practice of using a set of facts and projected outcome to increase resource allocation, and then neglecting to track the future outcomes against the proposals.
It’s all right to be wrong. It’s not all right to ignore when [...]

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Applying Game Theory to the Media Business Model

November 9, 2009

The question of whether the media business is driven by content or distribution has been a fundamental issue in media business strategy over the past two decades.
In the past, acquiring the capital in order to create the means of distribution gave companies that wherewithal to subsidize content and aggregate audience.
In the 1980′s, with the development [...]

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Why keeping your head down and working hard makes sense

March 26, 2009

Experts have unimpressive forecasting track records; trusting your instincts in a more reliable way to go.

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