Richard Wamsat’s Real Estate News & Views

Local market updates, buyer and seller tips, and homeowner resources for Orange County and Irvine.

Subscribe

* indicates required

Intuit Mailchimp

Why Today’s Housing Inventory Proves the Market Isn’t Headed for a Crash

By Richard Wamsat | Aug 24, 2022

Whether or not you owned a home in 2008, you likely remember the housing crash that took place back then. And news about an economic slowdown happening today may bring all those concerns back to the surface. While those feelings are understandable, data can help reassure you the situation today is nothing like it was in 2008. […]

Read More

What Sellers Need To Know in Today’s Housing Market

By Richard Wamsat | Aug 23, 2022

If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a […]

Read More

3 Tips for Buying a Home Today

By Richard Wamsat | Aug 22, 2022

If you put off your home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes for sale is increasing, giving buyers like you additional options. But it’s important to keep in mind that while inventory is […]

Read More

Why a Home Inspection Is Important [INFOGRAPHIC]

By Richard Wamsat | Aug 19, 2022

Some Highlights If you’re buying a home, here’s what you should know about your home inspection and why it’s so important. A home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase so you can avoid costly surprises down the road. Let’s connect so you have an expert on your side to guide you […]

Read More

Planning To Retire? Your Equity Can Help You Reach Your Goal.

By Richard Wamsat | Aug 18, 2022

Whether you’ve just retired or you’re thinking about retirement, you may be considering your options and trying to picture a whole new stage of your life. And you’re not alone. Research from the Retirement Industry Trust Association (RITA) shows 10,000 Baby Boomers reach the typical retirement age (65) every day, and only 47% of the people in that generation […]

Read More

Experts Increase 2022 Home Price Projections

By Richard Wamsat | Aug 17, 2022

If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home price appreciation from their original 2022 […]

Read More

What Would a Recession Mean for the Housing Market?

By Richard Wamsat | Aug 16, 2022

According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe we will see a recession in the […]

Read More

The U.S. Homeownership Rate Is Growing

By Richard Wamsat | Aug 15, 2022

The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own, and the percentage […]

Read More

Why Experts Say the Housing Market Won’t Crash [INFOGRAPHIC]

By Richard Wamsat | Aug 12, 2022

Some Highlights Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways. First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means signs say there won’t be a wave of foreclosures like the last time. If you have questions about […]

Read More