Richard’s Blog

Plenty of Buyers Are Still Active Today [INFOGRAPHIC]

By Richard Wamsat | Sep 15, 2023

Some Highlights Holding off on selling your house because you believe there aren’t any buyers out there? Data shows buyers are still active, even with higher mortgage rates. This goes to show, people still want to buy homes, and those who can are moving now. Don’t delay your plan to sell for fear no one is buying. The opposite is true and buyer traffic is […]

Why Is Housing Inventory So Low?

By Richard Wamsat | Sep 14, 2023

One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy? And while it may be tempting to wait it out until you have more options, that’s probably not the best strategy. Here’s why. There aren’t enough homes available for sale, but that shortage isn’t just a […]

Should Baby Boomers Buy or Rent After Selling Their Houses?

By Richard Wamsat | Sep 13, 2023

Are you a baby boomer who’s lived in your current house for a long time and you’re ready for a change? If you’re thinking about selling your house, you have a lot to consider. Will you move to a different state or stay nearby? Is it time to downsize or do you want more space to accommodate your […]

What Experts Project for Home Prices Over the Next 5 Years

By Richard Wamsat | Sep 12, 2023

If you’re planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than expected and are rising across the country. And data shows, experts forecast […]

Planning to Retire? Your Equity Can Help You Make a Move

By Richard Wamsat | Sep 11, 2023

Reaching retirement is a significant milestone in life, bringing with it a lot of change and new opportunities. As the door to this exciting chapter opens, one thing you may be considering is selling your house and finding a home better suited for your evolving needs. Fortunately, you may be in a better position to make a move […]

The 2023 Fall Guides for Buying or Selling a Home Have Arrived

By Richard Wamsat | Sep 8, 2023

Are You Thinking About Buying a Home? The process of buying a home can be overwhelming at times, but you don’t need to go through it alone. You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall. The free eGuide will […]

Home Price Forecasts Revised for 2023 [INFOGRAPHIC]

By Richard Wamsat | Sep 8, 2023

Some Highlights Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low. While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no longer projected to decrease. Let’s connect so you know what’s happening with home values in our local area. Sources https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/mortgage-finance-forecast-dec-2022.pdf https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/2023/mortgage-finance-forecast-aug-2023.pdf https://www.fanniemae.com/media/45801/display https://www.fanniemae.com/media/48726/display https://twitter.com/NewsLambert/status/1671900591113609216 (Morgan Stanley) https://twitter.com/NewsLambert/status/1671556169712672768 (AEI) […]

Get Ready for Smaller, More Affordable Homes

By Richard Wamsat | Sep 7, 2023

Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way: “Buyers should expect that over the next 12 to 24 months there will be a notable increase […]

Mortgage Rates: Past, Present, and Possible Future

By Richard Wamsat | Sep 6, 2023

If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared […]

Richard Wamsat’s Real Estate News & Views

Plenty of Buyers Are Still Active Today [INFOGRAPHIC]

Why Is Housing Inventory So Low?

Should Baby Boomers Buy or Rent After Selling Their Houses?

What Experts Project for Home Prices Over the Next 5 Years

Planning to Retire? Your Equity Can Help You Make a Move

The 2023 Fall Guides for Buying or Selling a Home Have Arrived

Home Price Forecasts Revised for 2023 [INFOGRAPHIC]

Get Ready for Smaller, More Affordable Homes

Mortgage Rates: Past, Present, and Possible Future

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