Richard’s Blog

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 […]

Homeownership Is Still at the Heart of the American Dream

By Richard Wamsat | Jan 15, 2024

Buying a home is a powerful decision, and it remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live – it offers a sense of belonging, stability, and freedom. According to Nicole Bachaud, Senior Economist at Zillow: “The American Dream is still owning a home. There’s […]

Home Prices Forecast To Climb over the Next 5 Years [INFOGRAPHIC]

By Richard Wamsat | Jan 12, 2024

Some Highlights If you’re worried about what’s next for home prices, know the HPES shows experts are projecting they’ll continue to rise at least through 2028. Based on that forecast, if you bought a $400,000 house this year, experts say it could gain over $72,000 in equity over the next five years. If you’re worried about falling home […]

Richard Wamsat’s Real Estate News & Views

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

Homeownership Is Still at the Heart of the American Dream

Home Prices Forecast To Climb over the Next 5 Years [INFOGRAPHIC]

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