This house in Carmel Valley was listed since May, 2011, and by the end of the year the price was down to $999,000 – but no takers. They went off-market for renovations in February and March, 2012, and came back on priced at $1,150,000. After 25 days, it went pending!
Klinge Realty Group
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024
- (858) 997-3801 call or text
CA DRE #01527365, CA DRE #00873197
Fed calls this week
• UBS (Wed): 3 hikes this year (Mar, Jun, Sept)
• Barclays (Wed): 3 hikes this year (Mar, Jun, Sept)
• Jefferies (Fri): 5 hikes this year
All hikes are ¼ pt
Coming back to this. Was just on the phone with one of the largest home lenders in the country. They said cash out refinances were <10% of business last year and 50%+ starting this year. Said it won't show in the data for another few months. Added other uses: reno & college https://twitter.com/AliWolfEcon/status/1486739714308599808
Was just talking to a loan officer. He said he’s seeing a big increase in cash out refinances. Said people are giving up 2.8% interest rates for 4.5% bc they want the cash. Uses? Debt consolidation, remodeling, rainy day funds, and down payment for investment properties.