Broker report shows costs and benefits of home remodeling projects

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

Me neither.

Buyer’s remorse is real, and it certainly affects homebuyers caught in multiple-offer situations who ended up paying more for a house than the sellers themselves asked for.

Maybe not, but probably, with buzz that housing bubbles are starting to buzz again. A burst bubble in a local market, which is the only kind of housing market, makes per definition damage to the prevailing market prices.

We will see what damage foreign investors do here if they find they have overplayed this local market and paid too much and decide to cut their losses.

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

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