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Looking to buy your first home or thinking about downsizing? Maybe it’s better to rent.

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The Minnesota housing market, especially in the metro area, is tight.

Rising rents are pushing some people into homeownership, but for those eager to buy, there is a lot of competition and not many homes available.

Even if they could afford it, many millennials are not interested in buying large homes like their baby-boomer parents.

Echo Huang, founder and president of Echo Wealth Management in Plymouth, and Herb Tousley, director of the Shenehon Center for Real Estate at the University of St. Thomas Opus College of Business, join guest host Chris Farrell to talk about Minnesota’s tight housing market, and what first-time buyers and downsizers should do.