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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Back to School in Irvine: A Real Estate Perspective and a Special Giveaway!

By Richard Wamsat | Jul 19, 2023

As the summer sun begins to wane, the anticipation of a new school year is palpable in the air. Families in Irvine are gearing up for another exciting academic year, and as a real estate expert in the area, I’m here to provide some insights on how this impacts our local real estate market. But […]

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Explaining Today’s Mortgage Rates

By Richard Wamsat | Jul 19, 2023

If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast. But, there’s one thing that’s historically a good indicator of what’ll happen with rates, and that’s the relationship between […]

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Homebuyers Are Getting Used to the New Normal

By Richard Wamsat | Jul 18, 2023

Before you decide to sell your house, it’s important to know what you can expect in the current housing market. One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal. To better understand what’s been happening with mortgage rates lately, the graph below shows the […]

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Figures of residential buildings and an easel with real estate market recovery trend chart. Value and cost. Increased interest and demand for housing after price reduction. Investment revitalization

Home Prices Are Rebounding

By Richard Wamsat | Jul 17, 2023

If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a ‘unicorn’ year when prices peaked well […]

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Home Prices Are Rebounding

By Richard Wamsat | Jul 17, 2023

If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a ‘unicorn’ year when prices peaked well […]

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Low Housing Inventory Is a Sweet Spot for Sellers [INFOGRAPHIC]

By Richard Wamsat | Jul 14, 2023

  Some Highlights Today’s housing inventory is still well below more normal years. This low inventory is why homes that are priced right are still selling quickly and seeing multiple offers. If you want to sell your house, now is a great time because inventory is still low. Let’s connect to start the process.

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Low Housing Inventory Is a Sweet Spot for Sellers [INFOGRAPHIC]

By Richard Wamsat | Jul 14, 2023

  Some Highlights Today’s housing inventory is still well below more normal years. This low inventory is why homes that are priced right are still selling quickly and seeing multiple offers. If you want to sell your house, now is a great time because inventory is still low. Let’s connect to start the process.

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How Remote Work Expands Your Homebuying Horizons

By Richard Wamsat | Jul 14, 2023

Even as some companies transition back into the office, remote work remains a popular choice for many professionals. So, if you currently enjoy working from home or hope to be able to soon, you’re not alone. According to a recent survey, most working professionals want to work either fully remote or hybrid (see below): This trend […]

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Freelancers working on laptops in the living room

How Remote Work Expands Your Homebuying Horizons

By Richard Wamsat | Jul 13, 2023

Even as some companies transition back into the office, remote work remains a popular choice for many professionals. So, if you currently enjoy working from home or hope to be able to soon, you’re not alone. According to a recent survey, most working professionals want to work either fully remote or hybrid (see below): This trend […]

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