Condo developers in Milwaukee are responding to the slowdown in the housing market by slowing down development.
"Across the metro area, developers spent the last half of 2007 adjusting sales projections and marketing plans to reflect the realities of the housing market: lots of houses on the market, buyers slow to commit and chaotic credit conditions. The coming year will bring, some believe, a gradual absorption of the units on the market, thanks to slow but steady sales and fewer new projects."
"Benson calculates that the downtown Milwaukee market saw only 206 condo sales from July through November - lower than expected in this market. Lake Bluff's sales totaled 33 in 2007."
"But Benson, like other condo developers of all sizes around Milwaukee, decided not to slash prices but to enrich the offering."
FULL STORY: Developers keep plugging away
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Universal City TX
ULI Northwest Arkansas
Town of Zionsville
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