Realtors report shows costs and benefits of home remodeling projects

EDMOND — Have you ever heard of refinancer’s remorse, or home remodeler’s remorse?

Me either.

Buyer’s remorse is real, and it’s surely hitting home buyers caught up in multiple-bidding situations who wound up paying more for a house than sellers even asked for.

Maybe not, but probably so, with buzz about housing bubbles starting to buzz again. A popped bubble in a local market, which is the only kind of housing market, does do damage to prevailing market prices, by definition.

We will see what damage out-of-state investors do here if they figure out they’ve overplayed this local market, and overpaid, and decide to cut their losses.

Refinancer’s remorse? My wife and I just did a cash-out refi, and I’ve had a twinge or two: Oh, Lord, What we done to our equity?!

Barbara G. Arnold

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