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Milwaukee is the largest city in the state of Wisconsin, and the 26th most populous city in the United States with an estimated population of 605,000. The city has undergone numerous major development projects throughout the last decade, including the construction of the Milwaukee Riverwalk, the Frontier Airlines Center, Miller Park, and Pier Wisconsin, in addition to an influx of condo, loft, and apartment complex projects. Throughout history, Milwaukee’s economy has been identified as a brewing and manufacturing powerhouse, industries which remain productive today. In recent years, extensive growth in the financial services and health care industries has been observed, as the health care industry alone now provides 27% of the jobs in the city. Milwaukee’s real estate market has been hit particularly hard by the housing bubble, which has resulted in extremely high foreclosure rates. While other markets are beginning to climb out of the recession as of early 2011, Milwaukee continues to experience decline, as price per square foot decreased 32% and median sales price decreased 16% compared to the same period in 2010. This makes Milwaukee a hot market to watch for buyers; since values remain in decline, purchasing a property in Milwaukee will be a profitable venture for savvy investors that wait until the market levels out. Start browsing Milwaukee properties at Houses.com!
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