In their latest piece for Marina Times, writer Garey De Martini interviews Eileen Mougeot, a long-time real estate agent currently with Corcoran Global Living in San Francisco. She’s been in the business a long time, and has seen all the wild highs and lows of California real estate of the past decades. For those invested in the housing market, whether current or hopeful, this is an article that should be explored.
“On the first two properties I sold, interest rates were 16 and 17 percent. These were single-family homes in the $350,000 range, which was a lot of money in 1982. One was in the Marina, and one was in Cow Hollow,” writes Mougeot. “A few years later when interest rates went down to 12.5 percent I called both those clients and told them they had to refinance immediately! 12.5! Like this was a steal deal!”