Housing Recovery and Shadow Inventory
If you read my posts, you may recognize that I enjoy giving you, the reader, bits and pieces of what it’s like to live in Southeastern Wisconsin. I do some hard reporting on the state of the real estate market, but mostly, I enjoy painting the picture of what it’s like to live in Lake Country, Wisconsin.
However, I am asked frequently about the state of the real estate market, and decided that it is equally important to share with you, the big picture regarding housing in Wisconsin and the nation. My favorite source of information regarding real estate and where it’s heading, is from Steve Harney. I am a pin wearing, card carrying, blog reading, twitter and facebook posting member of “Harney’s Army!” He’s spot on in terms of sharing the truth about the market.
Steve was in Brookfield, today, and I was impressed with this particular comment, “The professional doesn’t see the glass as half empty, or as half full…but recognizes that there’s water in the glass.” I love that!! Buyers and sellers will continue to move, regardless of interest rates, home prices, inventory volumes, etc. My job, as a professional, is to equip my clients with the information they need to maneuver through the ever changing market with the greatest success.
So, in an effort to share my knowledge of the market, I am going to share Steve’s advice and insight on the market with you. Watch for daily links to Steve’s blog, “Keeping Current Matters.” The information is invaluable! My cultural posts will continue, as well, but these links are required reading for the buyer or seller who wants to be “in the know.” Today’s article touches on the subject of the Housing Recovery, and how “shadow inventory” will affect it. Feel free to contact me with questions.
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Karen Trepton
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