Midwest Memo: Michigan Home Prices Climb, Milwaukee Streetcar’s Ongoing Fight, New Neighbors For Chicago Police

Three stories making news across the Midwest today:

1. Mixed Midwest real estate news. Home sale prices in Michigan increased significantly over the past three months, according to a new report from Clear Capitol. “Michigan overall is actually up even more so than the Midwest Region,” said Alex Villacorta, a Clear Capitol spokesperson. Villacorta tells Michigan Radio that prices are up 8.5 percent on a quarter-over-quarter basis, but cautions prices could decline by more than 3 percent in Michigan this winter. Elsewhere in the region, distressed sales in northeast Ohio pushed the decline in area home prices to almost double the national rate, according to Crain’s Cleveland. Prices in the Cleveland area fell 7.9 percent in August compared to a year earlier.

2. Milwaukee streetcar’s street fight continues. Two Milwaukee alderman asked Congress to kill a streetcar line in the city by giving its $54.9 million in federal funds to the cash-strapped city bus system. The alderman and opponents of the streetcar line, said Wednesday that the city could not afford to operate the streetcar. Their efforts face long odds, according to the Milwaukee Journal Sentinel. House rules may ban such a financial shift, and the city’s council has already voted to start final engineering on the $64.6 million streetcar project.

3. Closer confines in Chicago. The Chicago Sun-Times reports today the Chicago Police Department will have some company in its headquarters. The Chicago Fire Department is moving in late next month as part of cost cutting ordered by Mayor Rahm Emanuel, a source tells the newspaper. Moving boxes have already arrived, and the fire department will abandon its lease on two floors at 10 W. 35th Street. “Everyone hopes everyone will get along,” the source tells The Sun-Times.

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