Interest Rates, Inventory, and Hesitation: What’s Going On in the Market?
If you’ve been thinking about buying or selling a home but feel stuck in neutral, you’re not alone.
Right now, a lot of people are waiting—waiting for lower rates, waiting for better listings, waiting for “the right time.” And while that sounds logical, here’s what I’m seeing on the ground:
???? Interest Rates Aren’t the Whole Story
Yes, rates are higher than they were in 2021—but that was an unusual time. Today’s rates are closer to normal historical levels. The bigger risk? Waiting too long and watching home prices rise, or missing a property that fits your needs.
You can refinance a mortgage later. You can’t go back and buy last year’s house at last year’s price.
???? Inventory is Still Low
In our area—especially around Lake Keowee, Lake Hartwell, and the mountain communities—homes are in short supply. Sellers are holding onto low-rate mortgages, and new construction is still catching up.
That means prices are staying steady, and well-positioned homes are still moving fast.
???? The Real Problem? Uncertainty
Buyers and sellers alike are overwhelmed with conflicting headlines. But real estate doesn’t stop for the news—it moves with your life. If you're relocating, downsizing, retiring early, or looking for a lake retreat, waiting might not work in your favor.
Let’s Make a Smart Plan—Together
I’m here to help you make sense of the market and move forward with clarity and confidence.
???? Call or text Gwen Fowler at 864-710-4518
???? Explore listings or connect at www.CoolMountainEscapes.com
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