Jim Buchta
Kent Busek recently decided to upgrade to a bigger cabin near Detroit Lakes, and his agent quickly found an ideal place along Lake Cormorant.
But look fast, his agent warned. Featuring three bedrooms, a great view and two fireplaces, the $500,000 house was already attracting offers.
Busek, a CPA from Fargo, wasn’t surprised. “People just seem to have money,” he said. “And it’s disposable cash.”
As home sales and prices rise by double-digits in the state, the momentum is starting to reach the large and long-stagnant vacation home market across northern Minnesota, stoked in some places by buyers crossing the border from North Dakota’s booming oil fields and the farms of the Red River Valley.
