“Middle-America cities that performed evenly over the past few years – like Cincinnati, Milwaukee and the Kansas City, Mo., area – are likely to experience home price gains in the 20 to 30 percent range over the next five years, while markets like Miami, Las Vegas and Phoenix could see prices go up as much as 50 percent during that time period, Yun said.”
I found this article on First Weber’s Wisconsin Real Estate Blog. It was initially posted on Realtor.org.
This is positive news for Milwaukee, along with other Midwest cities. The fact that we are finding positive news about the real estate market is great to hear. With so much negativity in the media about real estate, its no wonder why people are so hesitant to buy is such a great market as a buyer.
Hopefully, you enjoy the article and find some confidence in yourself if you are looking to buy or already a homeowner and like to hear your home value may being increasing soon.
I thought prices in those markets like phoenix, vegas, cali, etc had decreased significantly over the past year? In comparison the change in the market in Milwaukee probaby has stayed level, decreased in some areas, maybe increased in others. Point being possibly with the large decrease in those other areas, the average increase in the the larger scheme of things would be 20-30% just like here…
There was a significant decrease in value in those places like Arizona, Nevada, California, etc. Most believe that markets over there were over inflated, so when the market was at it’s peak, the values then were really not their true values. They are now coming back down to more realistic values.
I liked the article because of the positive news from a reputable source, about the midwest, specifically Milwaukee.