real estate

American homes getting smaller with rising costs, mortgage rates

According to 2020 Census data, the median floor area square footage for single-family homes peaked in the first quarter of 2015 at 2,519. As of the second quarter of this year, median square footage has dropped to 2,191.

Inflation cools despite rising housing costs (CHART)

Federal funding encourages conversion of office space to affordable housing

The Biden administration is launching a multiagency effort to encourage states and cities to convert more empty office buildings into housing units, with billions of federal dollars available to help spur such transitions.

Redfin: Midwest leads the country in affordable housing

Median home sale prices in the United States have nearly doubled in the past decade to $422,000 in July 2023. That's up from $220,000 in July 2013. Although prices are trending higher nationwide, affordability is significantly different by state.

Wisconsin Supreme Court sides with tenant advocates in limiting eviction records

The Wisconsin Supreme Court voted Monday in its first public administrative conference in more than a decade to reduce from 20 years to two years the time when most eviction records must be kept on the state court website.

Sky-high mortgage rates leave homes unaffordable for more buyers, sending new home sales tumbling

Sales of new U.S. homes hit a 5-month low last month as sky-high mortgage rates continue to strain prospective homebuyers' ability to afford a dwelling.

Property values increase by second-most in nearly 40 years

Wisconsin’s 13.1% increase in total equalized property values in 2023 was the second-largest percentage increase since at least 1985, topped only by slightly higher growth in 2022.

Milwaukee hotel could be up for auction in the fall following bankruptcy

Iron Horse's owner proposed closing a hotel property sale by mid-October to settle a bankruptcy claim.

Some renters may get relief from biggest apartment construction boom in decades, but not all

When viewed through a wide lens, renters across the U.S. finally appear to be getting some relief, thanks in part to the biggest apartment construction boom in decades.

White House rolls out measures aimed at lowering cost of housing, increasing supply

The White House is taking steps aimed at increasing the the supply of affordable housing while also bolstering protections for renters.

Milwaukee County judge grants deadline extension for Southridge Mall as foreclosure looms

The Greendale mall has had a judgement for foreclosure since late 2021.

Microsoft completes $50M land purchase deal with Mount Pleasant

Closing the deal was the next step to introducing Microsoft’s data center in the county, Racine County Executive Jonathan Delagrave said.