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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Why It’s So Important To Hire a Pro [INFOGRAPHIC]

By Richard Wamsat | Sep 9, 2022

Some Highlights If you’re thinking of buying or selling a home, you’ll want a trusted real estate professional on your side for their industry experience and expert insights. The right advisor utilizes the latest technology and can help you navigate today’s home pricing and market values, the contracts and fine print, and the negotiations you’ll face. Let’s connect so you have expert advice […]

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Should I Sell My House This Year?

By Richard Wamsat | Sep 8, 2022

There’s no denying the housing market is undergoing a shift this season as buyer demand slows and the number of homes for sale grows. But that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall. Opportunity #1: You Have More Options for […]

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Expert Forecasts on Mortgage Rates

By Richard Wamsat | Sep 7, 2022

If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow? As you think about your homeownership goals and decide if now’s the time to make […]

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How Owning a Home Builds Your Net Worth

By Richard Wamsat | Sep 6, 2022

Owning a home is a major financial milestone and an achievement to take pride in. One major reason: the equity you build as a homeowner gives your net worth a big boost. And with high inflation right now, the link between owning your home and building your wealth is especially important. If you’re looking to increase your financial security, here’s […]

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Honoring the American Workforce

By Richard Wamsat | Sep 5, 2022

Wishing you a happy and safe Labor Day.

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Here’s Why It’s Still a Sellers’ Market [INFOGRAPHIC]

By Richard Wamsat | Sep 2, 2022

Some Highlights While buyer demand has moderated and housing supply has grown in recent months, it’s still a sellers’ market because inventory is low. The latest data shows sellers continue to benefit from serious buyers and competitive offers. In July, the average home received 2.8 offers and 39% sold over the asking price. You haven’t missed your opportunity to sell. Let’s connect to […]

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New Homes May Have the Incentives You’re Looking for Today

By Richard Wamsat | Sep 1, 2022

According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country. If you’ve had trouble finding a home to buy over the past year, it may be time to work with your trusted agent to consider a new build and the incentives that come with it. […]

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Buyers: You May Face Less Competition as Bidding Wars Ease

By Richard Wamsat | Aug 31, 2022

One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you tried to buy […]

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What’s Actually Happening with Home Prices Today?

By Richard Wamsat | Aug 30, 2022

One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture. Part of the challenge is […]

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