Richard’s Blog

Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]

By Richard Wamsat | Jan 26, 2024

Some Highlights Home affordability depends on three factors: mortgage rates, home prices, and wages. Mortgage rates are down from their recent peak, home prices are expected to rise at a slower pace, and wages are increasing faster than usual. That’s good news if you want to buy a home because it means affordability is getting better.

The Top Benefits of Buying a Multi-Generational Home

By Richard Wamsat | Jan 25, 2024

Has the idea of sharing a home with loved ones like your grandparents, parents, or other relatives crossed your mind? If so, you’re not alone. More buyers are choosing to go this route and buy a multi-generational home. Here’s a look at some of the top reasons why, to see if a home like this […]

Are More Homeowners Selling as Mortgage Rates Come Down?

By Richard Wamsat | Jan 24, 2024

If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In Effect Over the past year, one factor that’s really limited the options […]

Experts Project Home Prices Will Increase in 2024

By Richard Wamsat | Jan 23, 2024

Even though home prices are going up nationally, some people are still worried they might come down. In fact, a recent survey from Fannie Mae found that 24% of people think home prices will actually decline over the next 12 months. That means almost one out of every four people are dealing with that fear, and you might be, […]

3 Must-Do’s When Selling Your House in 2024

By Richard Wamsat | Jan 20, 2024

If one of the goals on your list is selling your house and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home. A great way to balance those emotions and make sure you’re confident in your decision is to keep these three best practices […]

Key Terms Every Homebuyer Should Learn [INFOGRAPHIC]

By Richard Wamsat | Jan 19, 2024

Some Highlights Buying a home is a big deal and can feel especially complicated if you don’t know the terms used during the process. If you want to become a homeowner this year, it’s a good idea to learn these key housing terms and understand how they relate to the current housing market. That will help you feel confident when you buy a home. Let’s connect so you can […]

3 Key Factors Affecting Home Affordability

By Richard Wamsat | Jan 18, 2024

Over the past year, a lot of people have been talking about housing affordability and how tight it’s gotten. But just recently, there’s been a little bit of relief on that front. Mortgage rates have gone down since their most recent peak in October. But there’s more to being able to afford a home than just mortgage rates. To […]

2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers

By Richard Wamsat | Jan 17, 2024

If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October when they hit 7.79%. In fact, they’ve been below 7% for over a month now (see graph below): And while they’re not […]

Why You May Want To Seriously Consider a Newly Built Home

By Richard Wamsat | Jan 16, 2024

Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move? If so, it may be time to consider a newly built home and the benefits that come with one. Here’s why. Near-Record Percentage of New Home Inventory Newly built homes are becoming an […]

Richard Wamsat’s Real Estate News & Views

Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]

The Top Benefits of Buying a Multi-Generational Home

Are More Homeowners Selling as Mortgage Rates Come Down?

Experts Project Home Prices Will Increase in 2024

3 Must-Do’s When Selling Your House in 2024

Key Terms Every Homebuyer Should Learn [INFOGRAPHIC]

3 Key Factors Affecting Home Affordability

2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers

Why You May Want To Seriously Consider a Newly Built Home

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