Lake Keowee Real Estate Blog SHOCKER!!!

USA Today reports: Economists expect slower growth, stable unemployment. Somebody actually got paid for writing that. "And in other news: trees are made of wood." Ok, maybe not everyone is as in tune to the workings of our economy as all you faithful Lake Keowee Real Estate Blog addicts. So the next little bit is for you newer readers (and soon to be addicts). The article gets specific about what economists are thinking in regards the housing market, "More than 90 percent of the economists think home prices have bottomed out, or will by the end of the year." This is more than a broad-brush stroke for the entire United States housing market, but it does have import when it comes to the Lake Keowee Real Estate market. The bottom line is confidence; who has it and how much. I believe that the article shows growth in the overall confidence of the American consumer. Yes, unemployment is high, but statistically more than 90% of people who want jobs have them. And the reality is that when that 90% of us are no longer overly concerned about losing said job the statistic will be more accurately closer to 94% - but it probably won’t approach that number until sometime in 2014...or so.