OK, a lot of things are now starting to swirl around in my mind about the real estate market on Lake Lanier. Could we be setting up for a stealth rally in our market? Through out this drought, I have felt that there were two major factors affecting sales on this lake. The overall malaise in the real estate market, and the drought. However, my personal feeling is that if we could lose this drought and get much needed water back in this lake, the good times will return via recreation and sales will likely pick up and follow. Interest rates are low! Under 5% in many cases! And look at our water levels now approaching 1057. I bet if we can get this water level back to 1060/1061 or roughly less than 10 feet low, we just might see a change in moral. The other kicker is that it is only January, and the traditionally wet Spring season is still to come. If the lake can get back to 1060 plus, things might start to feel a little more normal with a pickup in recreation and a better feeling of wanting to get out and go boating. When those things happen, many boaters decide they might want to buy and start staying on the lake on weekends, and then the activity starts picking up. Just a few thoughts! It's still early to tell if it will play out, but I've seen this pattern before. Last time was just not this dire!
