Milwaukee Condo & Real Estate Scene

The Business Journal of Milwaukee: Real estate bubble lands softly in Milwaukee - Burst affected coasts more than Midwest

The definition of the real estate "bubble" is the steep and rapid increase in real estate prices. Although the media will let you believe that this bubble has burst, it has not in our region. The affected markets are generally located in coastal regions where prices have historically increased in leaps and bounds. The real estate market in the Midwest is generally insulated from this phenomenon as a result of modest price increases in real estate.

Although the bubble in Milwaukee has not busted, the supply of homes and condos has finally caught up with demand after years of inadequacy. As a local real estate professional noted, "There's more supply than demand. Recently, you set a price and the buyer would pay it. Now the market is a lot more price sensitive." Will Ashenmacher, writer for The Business Journal of Milwaukee, explains how the excess supply of real estate has affected our market. Click here to read the entire article>>>

posted by David Ray @ 4:38 PM