Well, it’s the middle of August and we are finally getting the nice summer type weather we’ve been hoping for over the last few months.  Hopefully we’ll see a benefit from that in the form of more people out looking and some showings, as there has been a distinct reduction in the number of showings over the last few weeks.  Across the board, the showing activity has been abnormally reduced from what we would normally expect to see this time of year.  I know of several instances where there has been literally little or no showing activity for weeks, especially in the upper end of the market on Lake Geneva, Delavan and other lakes in the area. 

This year continues to be a year of struggle for almost everything from finding Buyers who are willing to take action to challenges with lenders and the whole appraisal process, which has changed dramatically over the last few months.   I’ve attached the graph below that is supposed to represent the “normal” cycle in real estate.  I hope we are at the point of the cycle where we have passed the bottom and are on the move upward and that we’ll be able to look back a few months from now and say this was the turning point.   Here are a couple of interesting articles I ran across this week:

 

Unusual weather for summer of '09