Richard’s Blog

Options for First-Time Homebuyers [INFOGRAPHIC]

By Richard Wamsat | Aug 20, 2021

Some Highlights With a housing market this competitive, sometimes you have to think outside the box. Work with your trusted real estate advisors to do things like assess your budget, expand your search radius, look into other options, and determine your true needs. If you’re having trouble finding your first home, let’s connect to explore your options. It’s out there!

More Young People Are Buying Homes

By Richard Wamsat | Aug 19, 2021

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their homeownership rates trailing […]

Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand

By Richard Wamsat | Aug 18, 2021

One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes […]

What Does Being in a Sellers’ Market Mean?

By Richard Wamsat | Aug 17, 2021

Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house? It starts with the number of houses available for sale. The […]

A Look at Home Price Appreciation and What It Means for Sellers

By Richard Wamsat | Aug 16, 2021

When you hear the phrase home price appreciation, what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller, you know rising home prices are good news for your potential sale. But let’s look past the dollar signs and dive deeper […]

Sellers Are in a Sweet Spot [INFOGRAPHIC]

By Richard Wamsat | Aug 13, 2021

Some Highlights In today’s sellers’ market, you’re set up to win big when you list your house. That’s because homes are selling fast, receiving 4.4 offers on average and often selling above the asking price. Then, when you buy your next home, you’ll also win by addressing your changing needs and taking advantage of near historic-low mortgage rates. If you’re ready to make […]

The Best Use of Time (and Money) When It Comes to Renovations

By Richard Wamsat | Aug 12, 2021

In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling. Here are some […]

Are Houses Less Affordable Than They Were in Past Decades?

By Richard Wamsat | Aug 11, 2021

There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens […]

Looking for a Place To Call Home? Consider a Condominium.

By Richard Wamsat | Aug 10, 2021

It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium (condo) as a worthwhile option. In fact, trends indicate condos are […]

Richard Wamsat’s Real Estate News & Views

Options for First-Time Homebuyers [INFOGRAPHIC]

More Young People Are Buying Homes

Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand

What Does Being in a Sellers’ Market Mean?

A Look at Home Price Appreciation and What It Means for Sellers

Sellers Are in a Sweet Spot [INFOGRAPHIC]

The Best Use of Time (and Money) When It Comes to Renovations

Are Houses Less Affordable Than They Were in Past Decades?

Looking for a Place To Call Home? Consider a Condominium.

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