Richard’s Blog

The Big Question: Should You Renovate or Move?

By Richard Wamsat | Oct 13, 2021

The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following: 70% of respondents want more outdoor living space 69% of respondents want a home office (48% wanted multiple offices) 46% of respondents want […]

Don’t Wait for a Lower Mortgage Rate – It Could Cost You

By Richard Wamsat | Oct 12, 2021

Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve missed out, […]

Experts Agree: Homeownership Provides a Path to Long-Term Wealth

By Richard Wamsat | Oct 11, 2021

A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. Some of the most popular non-financial reasons given include: The flexibility to make the space your own The pride homeownership offers The sense of stability In the same survey, 41% of respondents say they’d rather own a home than […]

111,285 Reasons You Should Buy a Home This Year

By Richard Wamsat | Oct 8, 2021

The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. According to the latest research from the National Association of Realtors (NAR): “Homeownership is a key pathway to building wealth and narrowing the racial income and wealth […]

What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]

By Richard Wamsat | Oct 7, 2021

Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply. If you’re thinking of selling, let’s connect to talk about our local area and how you can […]

What Do Supply and Demand Tell Us About Today’s Housing Market?

By Richard Wamsat | Oct 6, 2021

There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices […]

The Main Key To Understanding the Rise in Mortgage Rates

By Richard Wamsat | Oct 5, 2021

Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater, Chief Economist at Freddie Mac, explains: […]

Is a 20% Down Payment Really Necessary To Purchase a Home?

By Richard Wamsat | Sep 22, 2021

There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle. That […]

Remote Work Is Here To Stay. Can Your Home Deliver the Space You Need?

By Richard Wamsat | Sep 21, 2021

A lot has changed over the past year. For many people, the rise in remote work influenced what they’re looking for in a home and created a greater appetite for a dedicated home office. Some professionals took advantage of the situation and purchased a bigger home. Other people thought working from home would be temporary, so they chose […]

Richard Wamsat’s Real Estate News & Views

The Big Question: Should You Renovate or Move?

Don’t Wait for a Lower Mortgage Rate – It Could Cost You

Experts Agree: Homeownership Provides a Path to Long-Term Wealth

111,285 Reasons You Should Buy a Home This Year

What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]

What Do Supply and Demand Tell Us About Today’s Housing Market?

The Main Key To Understanding the Rise in Mortgage Rates

Is a 20% Down Payment Really Necessary To Purchase a Home?

Remote Work Is Here To Stay. Can Your Home Deliver the Space You Need?

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