BiggerPockets Daily Midwestern Markets are the Big Winners in Today's Housing Market
Sep 1, 2025
Discover how Midwestern cities like Milwaukee and Chicago are thriving in the current housing market, even amid rising mortgage rates. Explore the unique factors fueling this growth in the Rust Belt, while boomtowns in the Sun Belt face a slowdown due to increased inventory. Delve into smart real estate investment strategies, including the benefits of 1031 exchanges and leveraging Airbnb's co-host network. Gain insights into the dynamics affecting housing markets and the importance of affordability as trends shift.
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Rust Belt Outperforming National Market
- Redfin data shows the Rust Belt is outperforming much of the U.S. housing market right now.
- Markets like Milwaukee see rising sales and prices despite higher mortgage rates.
Seven Offers And A $50K Overbid
- Redfin agent Yulberg sold a South Milwaukee home with seven offers and a $50,000 over-list closing.
- That example illustrates fast movement driven by limited inventory in Milwaukee.
Top Resilient Metros Listed
- Multiple Midwest metros show solid year-over-year sales and price gains with constrained inventory.
- Cities listed include Chicago, Philadelphia, Minneapolis, NYC, Cincinnati, Detroit, Newark, Pittsburgh, and Virginia Beach.