In December 2023, home prices in the United States increased 3.7 percent compared to last year, reaching a median price of $403,164, according to recent data from Redfin.
When Mark Hammond saw a vacant lot near the Mayfair Collection mixed-use community in Wauwatosa, Wisconsin, he knew he wanted to build an apartment complex.
According to a recent report on rent prices by Zumper, rents in Milwaukee increased from December 2022 to December 2023, but remain below the national average of $1,496 for a one-bedroom apartment.
In November, Milwaukee’s home prices increased by 7.6 percent compared to last year, reaching a median selling price of $199,000.
Here in Wisconsin, home prices increased by 6.6 percent compared to last year, with a median selling price of $306,900.
Here in Wisconsin, home prices increased by 6.0 percent compared to last year, with a median selling price of $297,100.
To many people, the image of a nuclear family in a stand-alone house with a green lawn and white picket fence still represents a fulfillment of the American dream.
To address its growing shortage of affordable housing, Wisconsin needs to build 120,000 additional rental units, Elmer Moore Jr., CEO of the Wisconsin Housing and Economic Development Authority (WHEDA), told an Assembly committee at a public hearing Thursday.
Gov. Tony Evers is proposing using $12.5 million in the 2023-25 budget to upgrade rental housing units across the city of Milwaukee.
Housing costs, including rental prices, are on the path to stabilizing but evidence of this won’t show up in inflation measures anytime soon, economists say.