Minnesota’s Inventory Surge Has More to Do With Evolving Homeowner Needs Than With Rates

Active single-family listings in Rochester, Minnesota, have climbed from roughly 330 to 522 in eighteen months, according to Alex Mayer of Rochester Area Homes by Alex. Statewide, Minnesota inventory has risen 31 percent. The standard explanation points to rate lock finally loosening. Mayer sees something more fundamental encouraging sellers to list: the homes they bought […]