Once you accept that every house needs at least $25,000 of repairs and improvements, select the house with a premium location and minimal expenses. ProfHoff and her husband Tom took four years to find the right house, so shopping hard for another six months to pay the right price, for the right upgrades, was nothing:
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.