real estate

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Shopping malls in the U.S. are facing an uphill battle. As online sales have boomed over the past decade, traditional, brick and mortar stores have seen declining profits while rents have risen.

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Since the construction of the Bucks’ Fiserv Forum started three years ago, much has changed in that part of town. The area, which some have dubbed the “Deer District,” has taken huge leaps forward over the past year. But there's still much to be done.

As the final bits of rubble are cleared from the former Bradley Center, the Fiserv Forum's limelight is shining a bit brighter. 

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If you’ve bought or sold a house recently, or just seen the forest of for sale signs around town, you know the Milwaukee real estate market is hot right now. Demand is outstripping supply in many parts of town. 

READ: 'Milwaukee Magazine' 2019 Real Estate Guide Demonstrates The City's Cresting Housing Market

James Meyer / Milwaukee Magazine

It’s taken some time since the recession of 2008 for the real estate market around Milwaukee to recover. But in 2019, the bounce back is noticeable. While prices here are still nothing compared to places like Los Angeles, Washington, or even Chicago — houses are going on the market and coming off the market within hours in some neighborhoods.

"Families are competing with older buyers who are looking to downsize. So, the same type of house is attracting offers from both ends of the demographic spectrum," explains Milwaukee Magazine Editor Chris Drosner.

Courtesy of The Home & Garden Show

Whether its cleaning off or furnishing a patio, planting the first flowers or vegetables of the season or springing for new windows, new landscaping or new plumbing,  the organizers of the annual Milwaukee Realtors Home and Garden Show are aware that the shift in seasons brings spring cleaning and home improvement. 

Photo by Kevork Djansezian/Getty Images

The Wisconsin Realtors Association says sales of existing homes in May increased 18.2 percent, compared to May of 2012.

The northwest side of Milwaukee has been a hotbed of real estate activity in recent months. Investors have been purchasing foreclosed homes and turning many into rental properties. WUWM’s LaToya Dennis found that some of the entrepreneurs are using their retirement accounts.