Richard’s Blog

How Homeownership Impacts You

By Richard Wamsat | Jun 2, 2022

June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on. If you’re thinking about buying a […]

Why Home Loans Today Aren’t What They Were in the Past

By Richard Wamsat | Jun 1, 2022

In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns. Several times a year, the Mortgage Bankers Association (MBA) releases an index titled the Mortgage Credit Availability Index (MCAI). According to their website: “The MCAI provides the only standardized […]

Sellers Have an Opportunity with Today’s Home Prices

By Richard Wamsat | May 24, 2022

As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. According to data from CoreLogic, home price appreciation has […]

Work With a Real Estate Professional if You Want the Best Advice

By Richard Wamsat | May 23, 2022

Because buying or selling a home is such a big decision in our lives, the need for clear, trustworthy information and guidance is crucial. And while no one can give you perfect advice, when you align yourself with an expert, you’ll get the best advice for your situation. An Expert Will Give You the Best Advice Possible Let’s say you need […]

Don’t Let Rising Inflation Delay Your Homeownership Plans [INFOGRAPHIC]

By Richard Wamsat | May 20, 2022

Some Highlights If recent headlines about rising inflation are making you wonder if it’s still a good time to buy, here’s what experts have to say. Housing is an asset that typically grows in value. Plus, your mortgage helps stabilize your monthly housing costs, and buying protects you from rising rents. Experts say owning a home is historically a good hedge […]

The One Thing Every Homeowner Needs To Know About a Recession

By Richard Wamsat | May 19, 2022

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value. The National Bureau of Economic Research (NBER) defines a recession this way: “A recession is […]

How Homeownership Can Bring You Joy

By Richard Wamsat | May 18, 2022

If you’re trying to decide whether to rent or buy a home, you’re probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons you want to make a purchase if you’re a renter, but the decision can also be motivated by having a place that’s uniquely your own. If you […]

Why Rising Mortgage Rates Push Buyers off the Fence

By Richard Wamsat | May 17, 2022

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re either making the decision to […]

If You’re a Homeowner, You Have Incredible Leverage When You Sell Today

By Richard Wamsat | May 16, 2022

In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things: To be the winning bid on their dream home To buy before mortgage rates rise more To buy […]

Richard Wamsat’s Real Estate News & Views

How Homeownership Impacts You

Why Home Loans Today Aren’t What They Were in the Past

Sellers Have an Opportunity with Today’s Home Prices

Work With a Real Estate Professional if You Want the Best Advice

Don’t Let Rising Inflation Delay Your Homeownership Plans [INFOGRAPHIC]

The One Thing Every Homeowner Needs To Know About a Recession

How Homeownership Can Bring You Joy

Why Rising Mortgage Rates Push Buyers off the Fence

If You’re a Homeowner, You Have Incredible Leverage When You Sell Today

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