Richard Wamsat’s Real Estate News & Views

Local market updates, buyer and seller tips, and homeowner resources for Orange County and Irvine.

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Will This Economic Crisis Have a V, U, or L-Shaped Recovery?

By Richard Wamsat | Apr 21, 2020

Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big question is: how long will it take the economy to fully recover? Let’s look at the possibilities. Here […]

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The Pain of Unemployment: It Will Be Deep, But Not for Long

By Richard Wamsat | Apr 20, 2020

There are two crises in this country right now: a health crisis that has forced everyone into their homes and a financial crisis caused by our inability to move around as we normally would. Over 20 million people in the U.S. became instantly unemployed when it was determined that the only way to defeat this […]

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How Technology is Helping Buyers Navigate the Home Search Process [INFOGRAPHIC]

By Richard Wamsat | Apr 17, 2020

Some Highlights: A recent realtor.com survey revealed that buyers are still considering moving forward with the homebuying process, even if they can’t see the home in-person. While they still prefer to physically see a home, virtual home tours and accurate listing information top the list of tech specs buyers find most helpful in today’s process. […]

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Today’s Homebuyers Want Lower Prices. Sellers Disagree.

By Richard Wamsat | Apr 16, 2020

The uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we do business, even the way we buy and sell real estate is changing. This is a moment in time that’s even sparking some buyers to search for a better deal […]

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Think This Is a Housing Crisis? Think Again.

By Richard Wamsat | Apr 15, 2020

With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question. Many of us experienced financial hardships, lost homes, and were out of work during the […]

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What If I Need to Sell My Home Now? What Can I Do?

By Richard Wamsat | Apr 14, 2020

Every day that passes, people have a need to buy and sell homes. That doesn’t stop during the current pandemic. If you’ve had a major life change recently, whether with your job or your family situation, you may be in a position where you need to sell your home – and fast. While you probably […]

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Recession? Yes. Housing Crash? No.

By Richard Wamsat | Apr 13, 2020

With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already. What does that mean to the residential real estate market? What is a recession? According to the National Bureau of Economic Research: “A recession is a […]

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What You Can Do to Get Your House Ready to Sell [INFOGRAPHIC]

By Richard Wamsat | Apr 10, 2020

Some Highlights: Believe it or not, there are lots of things you can do to prep your house for a sale without even going to the store. Your real estate plans don’t have to be completely on hold even while we’ve hit the pause button on other parts of daily life. Tackling small projects from […]

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Why Home Office Space Is More Desirable Than Ever

By Richard Wamsat | Apr 9, 2020

For years, we’ve all heard about the most desirable home features buyers are looking for, from upgraded kitchens to remodeled bathrooms, master suites, and more. The latest on the hotlist, however, might surprise you: home offices. In a recent article by George Ratiu, Senior Economist with realtor.com, he notes how listings with an office are […]

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