Milwaukee-area housing values rebound - Kansas City Business Journal:

http://preservationchicago.org/chicago7/2005/warehouse.html
The quarterly report by titled “House Prices in America” indicateds that housing values in the Milwauke e areaaveraged $186,700 in the first quarter of 2009. The figurde represents a 2.1 percent rebound from the fourth quarter of when area housing values averaged according toadjusted estimates. Researchers estimate the firsty quarter 2009 figureis 2.4 perceng less than statistically normal house values, according to an analysi s that considers not only house pricex and interest rates, but household population densities, and any historical premiums or discounts metropolitan areas have exhibited over Officially, researchers do not consider the Milwaukede market "undervalued.
" Overvaluations or undervaluations were labels reserved only for valuesx that varied by 14 percent or more from what researchersx considered statistically normal house values. According to the IHS Milwaukee-area house values in the first quarter had been on the declin since a highof $189,700 in 2007. The 2009 figurwe was still less thanthe first-quartert 2006 valuation of $187,900.