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Climbing interest rates are starting to cool the blazing housing market in cities across the country. But in places like Ironwood, where the housing stock is cheaper and many buyers can afford to pay in cash, interest rates have less of an effect. So, Ironwood is getting creative.
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Overall listings during the month of June were down 14 percent compared to June 2021.
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Local news for Thursday, June 2, 2022.
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Housing in northern Wisconsin is in such short supply that some people turn down jobs in the area because they cannot find a place to live. Employers have come up with a solution — convert vacant motels into affordable housing.
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Despite two years of government initiatives designed to provide financial aid and support to housing insecure residents, Wisconsin is still facing a shortage of affordable housing.
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The housing shortage has reached its tentacles into every corner of the Northwoods housing market. But one group in particular faces a real estate challenge – young professionals.
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States and localities are increasingly tapping federal funds to help finance efforts to build more affordable housing, repair dilapidated units or reduce their homeless numbers.
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The Wisconsin Realtors Association recently released its February report that found the number of homes sold continued to decline. Sales have gone down nearly five percent compared to February 2021, while prices have increased more than nine percent.
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Two major grants from the state are helping the Forest County Potawatomi Community make major investments in the area.
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The National Association of Councils on Developmental Disabilities held a virtual event Tuesday, to mark both International Women's Day and Developmental Disabilities Awareness Month. A Michigan native shared her views about issues of major concern for Michiganders.