Lake Keowee Real Estate Expert Blog Sailing Through
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.
The Fed is bound and determined to get the inflation rate down to 2% and will keep pushing until this occurs (regardless of the fallout in the real estate market). We still have two good months of 2023. Plenty of time to list your Lake Keowee waterfront home or lot and get it sold.
How was the week? Closed another Lake Keowee waterfront lot and we expect to get another contract on a home over the coming week. We are seeing lots of tours on the current listings and hope to have them under contract over the next couple of weeks, as well. That brings us back to the paragraph above. We need more good Lake Keowee waterfront listings. You’re probably not even going to use your Lake Keowee house or lot over the winter. Why not let someone else have a go and pocket a really nice chunk of change?
Plans for nearly 2,000 residential homes along S.C. Highway 130 were unveiled at an Oconee County Planning Commission meeting. Photo by Caleb Gilbert
Oconee celebrates newest OITP addition
Oconee in running for $1B mega-project
Oconee in running for $1B mega-project
Oconee Economic Alliance president Jamie Gilbert told The Journal on Wednesday the county was still one of two finalists for a $1 billion economic development project that would create more than 1,000 jobs. Photo by Caleb Gilbert
After delay, vibrant fall hues coming soon to southern AppalachiansAfter delay, vibrant fall hues coming soon to southern Appalachians
A destination for fall color lovers, the Blue Ridge Parkway has been the most visited unit of the National Park System in 72 of the past 76 years, and this year’s fall palette could be among the best in recent memory. The fall color change is coming very soon at higher elevations — around the magical 5,000-foot mark where the first fall hues start to emerge. Special to The Journal
SENECA — Duke Energy has announced a pot of $200,000 in grant money to South Carolina organizations that help seniors make needed home repairs and improvements.
FOLKS hosts lake sweep through Sunday
FOLKS hosts lake sweep through Sunday
Members of the Friends of Lake Keowee Society (FOLKS) pose during a previous lake sweep, a biannual cleanup effort on Lake Keowee. FOLKS is hosting its fall lake sweep now through Sunday.