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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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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A Trusted Real Estate Advisor Provides Expert Advice

By Richard Wamsat | Aug 29, 2022

If you’re a homeowner or are planning to become one soon, you’re probably looking for clear information about today’s housing market. And if you’ve turned to the news or even just read headlines recently, you might feel like you’re left with more questions than answers. The best way to make sure you get what you need is to […]

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What Would a Recession Mean for the Housing Market? [INFOGRAPHIC]

By Richard Wamsat | Aug 26, 2022

Some Highlights If you’re wondering what a potential recession could mean for the housing market, here’s what history tells us. In four of the last six recessions, home prices actually appreciated, only falling during the early 90s and the housing crash in 2008. Mortgage rates, though, declined during each of the previous recessions. If you have questions about buying or selling a home in today’s […]

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Why You May Want To Start Your Home Search Today

By Richard Wamsat | Aug 25, 2022

If you’re thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s home prices, and more to try to decide if you want to jump into the market. While some buyers may wait things out, there’s a reason serious buyers are making […]

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