Buying an estate with lavish grounds may be less appealing in these more-conservative days:
Klinge Realty Group
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- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024
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Purchase mortgage applications are still down 10% from a year ago, with mortgage rates nearly doubling in the last 12 months, according to a survey by the Mortgage Bankers Association. https://www.inman.com/2022/06/22/demand-rebounds-as-mortgage-rates-retreat-from-2022-peak/
Mortgage Rates are down from 6.28% just two weeks ago. https://www.mortgagenewsdaily.com/mortgage-rates/30-year-fixed
This will set the new price record in town for non-oceanfront homes (current record is $5.9 million). Andrew White, who starred in HGTV's "Hot Properties: San Diego," has listed his roughly 11,000-square-foot Carlsbad home for $14.95 million. https://www.wsj.com/articles/hgtvs-andrew-white-lists-san-diego-area-home-for-14-95-million-11656452176?st=oqusbizfr5nz73w&reflink=desktopwebshare_twitter via @WSJ