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.
Posted by: 
Karen Trepton
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Well, it’s been a little over a week since Oconomowoc celebrated the 70th anniversary of the 
The event must have left its mark, because within the week, two unusual events occurred. The first was this car stopping, double rainbow over the skyline of Pabst Farms, (Sorry the photo was from my blackberry). I was leaving a local grocery store, and was one of many literally stopped on the spot, trying to capture pictures with our phones. The second occurred when I was leaving 
Anyway, if you are up to an end of the summer drive in beautiful Lake Country Wisconsin, take highway 18 west to Golden Lake, and stop in to see my lovely lake cottage. You’ll never know what interesting things you will see to top off your summer vacation, somewhere “over the rainbow”.
I admit that I’m a sucker for new technology. Never one for reading the directions, I usually tend to grasp the new gadget and try it out, expecting to fall into the “expert mode” by barraging those around me who have “superior knowledge” of the particular device with a steady stream of “How do I do this?” questions. This always poses the risk of a steep learning curve, but I’m an all in it, kind of gal. I had a Macintosh Quadra years ago that would capture VHS video onto your computer…very cool…so as to eliminate the ol’ glue stick process for photos, on real estate flyers. I carried around a purse size, hand held recorder to jog my memory of the most recent FSBO’s (For Sale By Owners). I couldn’t be bothered with pulling over and jotting down an address. I moved my way up into the “bag phone” (Now I’m dating myself), and ultimately the cell phone. I believe I’m on my 4th phone (recent purchase a Blackberry). I have more than one desktop pc and a very cool laptop, complete with a the wireless card. 
