Richard’s Blog

Applying For a Mortgage? Here’s What You Should Avoid Once You Do.

By Richard Wamsat | Dec 28, 2022

While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan. Don’t Deposit Large Sums of Cash Lenders need to source your money, and […]

Confused About What’s Going on in the Housing Market? Lean on a Professional.

By Richard Wamsat | Dec 27, 2022

If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for […]

Financial Fundamentals for First-Time Homebuyers

By Richard Wamsat | Dec 26, 2022

Are you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home. Build Your Credit Your credit is one […]

Thank You for All of Your Support

By Richard Wamsat | Dec 23, 2022

What Makes a House a Home?

By Richard Wamsat | Dec 22, 2022

There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too. Home means something different to all of us. Whether it’s sharing memories with loved ones at the […]

What To Expect From the Housing Market in 2023

By Richard Wamsat | Dec 21, 2022

The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This […]

Homeowners Still Have Positive Equity Gains over the Past 12 Months

By Richard Wamsat | Dec 20, 2022

If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was […]

Mortgage Rates Are Dropping. What Does That Mean for You?

By Richard Wamsat | Dec 19, 2022

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well […]

2023 Housing Market Forecast [INFOGRAPHIC]

By Richard Wamsat | Dec 16, 2022

Some Highlights From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in 2023. Sources: realtor.com Home Price Expectations Survey (HPES) […]

Richard Wamsat’s Real Estate News & Views

Applying For a Mortgage? Here’s What You Should Avoid Once You Do.

Confused About What’s Going on in the Housing Market? Lean on a Professional.

Financial Fundamentals for First-Time Homebuyers

Thank You for All of Your Support

What Makes a House a Home?

What To Expect From the Housing Market in 2023

Homeowners Still Have Positive Equity Gains over the Past 12 Months

Mortgage Rates Are Dropping. What Does That Mean for You?

2023 Housing Market Forecast [INFOGRAPHIC]

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