Home Values Tick Up <> 1% Increase Statewide Is Smallest in 21 Years <> Growth of 3% Seen in Value of All Types of Property

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Madison -- Wisconsin homeowners worried about what the economic slump and flooded real estate markets have done to their investment were told Friday that home values statewide inched up 1% last year, the smallest increase in 21 years.

Statewide, the Department of Revenue report said property values fluctuated widely. The total value of all types of real estate shot up the most, 14.3%, in Lafayette County. But existing homes in Milwaukee and five other large cities were either flat or fell by 1%.

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Home Values Tick Up <> 1% Increase Statewide Is Smallest in 21 Years <> Growth of 3% Seen in Value of All Types of Property

Because home values make up 72% of all property in Wisconsin, the 1% increase in the value of existing homes statewide was most closely watched -- and signified both bad news and good news:

- The 1% was smaller than past increases, which averaged 5.7% over the last 10 years. A...

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