Rochester Named One of the Most Recession-Resistant Cities in the Country
As a realtor, I'm constantly asked, "how's the market? Are we due for another crash soon?" While we can't possibly know the answer to "if" a crash is going to happen, I can tell you that the market is damn good. Mortgage rates are crazy low, and home values are staying strong - at least in the Rochester area. And just recently, SmartAsset named Rochester one of the most recession-resistant cities in the U.S.
The results were determined by analyzing nine metrics across three overarching categories: employment, housing, and social assistance. Rochester was the only Minnesota city to crack the top 25, coming in at #13. Texas took 4 of the top 5 spots, with Frisco being named the most resistant followed by Cedar Rapids, IA.
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