Wisconsin foreclosure rates lowest in 2 decades

July 15, 2019 3:35 pm Leave a comment

Boards cover the windows of a burned-out house in the 2700 block of North 53rd Street in Milwaukees Sherman Park neighborhood. The 130-square-block neighborhood is rife with foreclosures and more than 200 others are pending, according to Bob Connolly, president of Southeast Wisconsin Common Ground.

Wisconsin foreclosure rates are the lowest the state has seen in nearly two decades, according to a researcher who tracks foreclosures.

Tagged with: foreclosures

USPS: Moss, bird poop aren’t grounds for eviction

June 14, 2019 2:14 pm Leave a comment

A Chicago developer has filed papers to evict the U.S. Postal Service from this building at 344 W. St. Paul Ave. in Milwaukee. The complaint contends the postal service has failed to repair a leaky roof, crumbling concrete and other defects. (Staff photo by Nate Beck)

The U.S. Postal Service argues that bird droppings and moss found on the roof of its facility in downtown Milwaukee don't mean the building is unusable as a developer trying to evict the agency claims.

Tagged with: post office R2 Companies USPS

US pending home sales rose in March

April 30, 2019 9:30 am Leave a comment

FILE- In this Jan. 14, 2019, file photo a sold sign is displayed outside a home in Mt. Lebanon, Pa. Americans signed contracts to purchase homes in March compared to the prior month. The National Association of Realtors says that its pending home sales index climbed 3.8% to 105.8. Home sales have been recovering as mortgage rates have retreated after the average 30-year rate peaked at just below 5% in November. Still, pending home sales are running 1.2% below their pace a year ago. (AP Photo/Gene J. Puskar, File)

More Americans signed contracts to purchase homes in March compared to the prior month.

Tagged with: home sales

Report: Some Wisconsin residents face housing cost burden

March 19, 2019 2:31 pm Leave a comment

A county health report says about 13 percent of Wisconsin residents are paying more than half of their income on rent or a home mortgage.

Tagged with: housing mortgages

US pending home sales rebounded 4.6 percent in January

February 27, 2019 11:24 am Leave a comment

FILE- This June 15, 2018, file photo shows a "sale pending" sign is posted outside a home in East Derry, N.H. On Wednesday, Feb. 27, 2019, the National Association of Realtors releases its January report on pending home sales, which are seen as a barometer of future purchases. (AP Photo/Charles Krupa, File)

More Americans signed contracts to buy homes in January as lower mortgage rates appeared to give the real estate market a boost.

Tagged with: National Association of Realtors

Foxconn buys 3-story office in downtown Racine for $6.25M

February 26, 2019 3:24 pm Leave a comment

A company associated with Foxconn Technology Group has completed the purchase of a downtown Racine office building that the technology giant has said it will use as an innovation hub.

Tagged with: Foxconn

US home price growth slowed in October

December 26, 2018 12:18 pm Leave a comment

FILE - In this Oct 2, 2018, file photo, a for sale sign stands outside a home on the market in the north Denver suburb of Thornton, Colo. U.S. home price growth slowed in October, a likely consequence of higher mortgage rates having worsened affordability and causing sales to fall. (AP Photo/David Zalubowski, File)

U.S. home price growth slowed in October, a likely consequence of higher mortgage rates having worsened affordability and causing sales to fall.

Tagged with: home prices

Competitor wins bid for bankrupt distillery

December 26, 2018 8:18 am Leave a comment

In this Nov. 26, 2018 photo, a sign sits outside Death's Door Spirits in Middleton, Wis. A competing distillery has submitted a winning bid of nearly $2.5 million for Death’s Door Distillery in Middleton, which filed for bankruptcy in November. (Barry Adams/Wisconsin State Journal via AP)

Wisconsin's largest distillery is on the path to new ownership after filing for bankruptcy last month.

Tagged with: bankruptcy

Foxconn spends $12M on innovation centers in Eau Claire, Green Bay

December 12, 2018 2:12 pm Leave a comment

Fencing surrounds the Haymarket Landing building in Eau Claire in 2016. FE Haymarket LLC, a company linked to the Foxconn Technology Group, recently bought three condo units inside the city's Haymarket landing building for $2.7 million. (File photo by Kevin Harnack)

Companies associated with the Foxconn Technology Group have spent nearly $12 million on two properties in Eau Claire and Green Bay that will serve as so-called innovation centers outside its planned factory in Mount Pleasant.

Tagged with: Foxconn Haymarket Landing

Developers look beyond shopping to make malls thrive again

December 12, 2018 10:41 am Leave a comment

Developers are hoping to attract more visitors to the Shops of Grand Avenue mall in downtown Milwaukee with a renovation project that will bring offices, apartments and a "food hall" to the hulking building on West Wisconsin Avenue.

Plans to renovate the Shops of Grand Avenue mall in downtown Milwaukee call for replacing shops there with offices, apartments and a food hall, all in hopes of making the city's Westown district bustle again.

Tagged with: Grand Avenue Mall Hempel Cos. The Aggero Group TKWA Urban Lab