I just spoke with a mortgage banker. Did you know that the mortgage rate for a 30-year fixed loan is approaching 8% (that’s an example of a “economic headwind”)? In most markets that is going to spell a real slowdown in home sales. In the Lake Keowee real estate market, we still don’t have enough inventory to satisfy the buyers. You potential Lake Keowee waterfront sellers need to think long and hard about putting your property on the market to take advantage of the situation before the worm turns.
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