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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Homeowners Have Incredible Equity To Leverage Right Now

By Richard Wamsat | May 15, 2023

Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The National Association of Realtors (NAR) explains how your […]

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The Worst Home Price Declines Are Behind Us [INFOGRAPHIC]

By Richard Wamsat | May 12, 2023

  Some Highlights While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again. Last July, prices started to decline, but around February, they began climbing back up. If you put your plans to move on hold waiting to see what would happen with home […]

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The Worst Home Price Declines Are Behind Us [INFOGRAPHIC]

By Richard Wamsat | May 12, 2023

  Some Highlights While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again. Last July, prices started to decline, but around February, they began climbing back up. If you put your plans to move on hold waiting to see what would happen with home […]

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The Best Time To Sell Your House Is When Others Aren’t Selling

By Richard Wamsat | May 11, 2023

If you’re thinking about selling your house, you should know the number of homes for sale right now is low. That’s because, this season, there are fewer sellers listing their houses for sale than the norm. Looking back at every April since 2017, the only year when fewer sellers listed their homes was in April […]

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The Best Time To Sell Your House Is When Others Aren’t Selling

By Richard Wamsat | May 11, 2023

If you’re thinking about selling your house, you should know the number of homes for sale right now is low. That’s because, this season, there are fewer sellers listing their houses for sale than the norm. Looking back at every April since 2017, the only year when fewer sellers listed their homes was in April […]

Read More
Model house on floor

The Impact of Inflation on Mortgage Rates

By Richard Wamsat | May 10, 2023

If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. Inflation and the Housing Market While the Fed’s working hard […]

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The Impact of Inflation on Mortgage Rates

By Richard Wamsat | May 10, 2023

If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. Inflation and the Housing Market While the Fed’s working hard […]

Read More
Model house on floor

Why Today’s Housing Market Is Not About To Crash

By Richard Wamsat | May 9, 2023

There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows today’s market is very […]

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Why Today’s Housing Market Is Not About To Crash

By Richard Wamsat | May 9, 2023

There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows today’s market is very […]

Read More