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Roseville restricts short-term rentals after problem party houses The City Council voted to license short-term rentals and require minimum stays when the property owner does not live onsite. February 9, 2021 9:16am Text size Copy shortlink:
The city of Roseville will restrict short-term rentals after party houses riled neighbors, who complained of loud music, excessive traffic and a nonstop party atmosphere.
The City Council voted 5-0 Monday to license short-term rentals which are booked through websites like Airbnb and Vrbo and require minimum stays when the property owner does not live onsite. The goal is to stop one-night and weekend party rentals.
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Despite a global pandemic and steep recession, the housing market in the Twin Cities broke a bevy of records last year.
Home sales rose by 8% in 2020 compared with the previous year, sending the median sale price to a record $305,000, more than double the level of eight years ago and nearly 9% higher than the previous high. Despite several challenges, the Twin Cities housing market exceeded all expectations, said Todd Walker, Minneapolis Area Realtors president, in a statement.
Record low mortgage rates largely drove the surge in home buying, fueling demand in virtually every corner of the region and in every price range, even at the top of the market. Sales of $1 million homes last year posted the biggest annual gain for any price range, rising 25% over the previous year.
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