Richard’s Blog

On the Fence of Whether or Not To Move This Spring? Consider This.

By Richard Wamsat | Apr 14, 2022

If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can you expect when you move? To help answer both of those questions, let’s turn to the data. Today, there are far […]

Where Are Mortgage Rates Headed?

By Richard Wamsat | Apr 13, 2022

There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably be wrong.” […]

Why a Real Estate Professional Is Key When Selling Your House

By Richard Wamsat | Apr 12, 2022

With today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever. They have the skills, experience, and expertise it takes to navigate the highly detailed and involved process of selling a home. That may be why the percentage of people who list their houses on their […]

Using Your Tax Refund To Achieve Your Homeownership Goals This Year

By Richard Wamsat | Apr 11, 2022

If you’re buying or selling a home this year, you’re likely saving up for a variety of expenses. For buyers, that might include things like your down payment and closing costs. And for sellers, you’re probably working on a bit of spring cleaning and maintenance to spruce up your house before you list it. Either way, any money […]

Do You Know How Much Equity You Have in Your Home? [INFOGRAPHIC]

By Richard Wamsat | Apr 8, 2022

Some Highlights If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity. Your equity grows as you pay down your loan and as your home increases in value. Over the past year, the average homeowner’s equity grew by $55,300. Ready to sell? Let’s connect to talk about how you can use that […]

The Future of Home Price Appreciation and What It Means for You

By Richard Wamsat | Apr 7, 2022

Many consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago. However, experts say the market is totally different today. For example, Odeta Kushi, Deputy Chief Economist at First American, tweeted just last week […]

Remote Work Trends Mean Flexibility for First-Time Homebuyers

By Richard Wamsat | Apr 6, 2022

Today’s low inventory can be challenging for homebuyers, especially if you’re looking to purchase your first home. But if you’re one of many people who work remotely, you may have a great opportunity to use the flexibility you have at work to achieve your homebuying goals this year. In a recent report, Arch Capital Services explains how the ongoing trend of remote […]

What You Need To Budget for When Buying a Home

By Richard Wamsat | Apr 5, 2022

When it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know, you’re not expected to have all the answers yourself. There are many trusted professionals who can help you understand your finances and what you’ll need […]

Balancing Your Wants and Needs as a Homebuyer Today

By Richard Wamsat | Apr 4, 2022

Since the number of homes for sale is low today, it can feel challenging to find one that checks all your boxes. But if you know which features are absolutely essential in your next home and which ones are just nice bonuses, you can land a home that fits your needs. Danielle Hale, Chief Economist for realtor.com, explains it like this: […]

Richard Wamsat’s Real Estate News & Views

On the Fence of Whether or Not To Move This Spring? Consider This.

Where Are Mortgage Rates Headed?

Why a Real Estate Professional Is Key When Selling Your House

Using Your Tax Refund To Achieve Your Homeownership Goals This Year

Do You Know How Much Equity You Have in Your Home? [INFOGRAPHIC]

The Future of Home Price Appreciation and What It Means for You

Remote Work Trends Mean Flexibility for First-Time Homebuyers

What You Need To Budget for When Buying a Home

Balancing Your Wants and Needs as a Homebuyer Today

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