Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. That has set off bidding wars that have pushed up prices as the supply of homes has dwindled to record lows.
Madison-based Great Wolf Resorts Inc. has paid $39.1 million for the Water Park of America and a connected hotel near the Mall of America in Bloomington, according to a certificate of real estate value made public Wednesday.
Wisconsin's housing market had a banner year in 2016, with annual sales reaching an all-time high and home prices rising well above the pace of inflation on the year, according to the Wisconsin Realtors Association.
Mortgage foreclosures that drove some Wisconsinites from their homes during the economic recession have dropped to levels not seen since the 1990s, according to economists who track the real estate market.