Blog Archives - Page 2 of 6 - SouthShore Region Mortgage Group

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10 Jun 2023

Is This Housing Market The Same As Prior Markets?

Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market [INFOGRAPHIC] Some Highlights Comparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were ‘unicorn’ years. Expect unsettling housing market […]

22 Nov 2022

If You’re a Seller, You SHOULD Consider Accepting a VA Loan on Your Home.

VA Loans Can Help Veterans Achieve Their Dream of Homeownership It’s been said that if you have to sell your home, if you sell it to a United States Veteran, you will have the peace of mind that you are leaving your home, neighborhood and community in good hands. For over 78 years, Veterans Affairs […]

21 Nov 2022

Will Mortgage Rates Ever Come Down? If So, When?

Mortgage Rates Will Come Down, It’s Just a Matter of Time This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed […]

10 Oct 2022

Saving for a Down Payment? Here’s What You Should Know.

As you set out to buy a home, saving for a down payment is likely top of mind. But you may still have questions about the process, including how much to save and where to start. If that sounds like you, your down payment could be more in reach than you originally thought. Here’s why. The […]

28 Mar 2022

Millennials who already owned homes traded up for more space. Do you need more space?

Millennials: Do You Need a Home with More Space? If you’re a millennial, homebuying might be top of mind for you. Your generation is the largest group of homebuyers in the market today and has been since 2014, according to the National Association of Realtors (NAR). And while other millennials are looking to buy for the […]

25 Jan 2022

The Key to Competing With Cash Buyers? PRE-APPROVAL!

Why Pre-Approval Is Key for Homebuyers in 2022 You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a pre-approval letter prior to making an […]

31 Aug 2021

Appraisal Gap? What is it? What Does it Mean?

What Buyers and Sellers Need To Know About the Appraisal Gap It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common […]

23 Jul 2021

Why Do I Need to Provide Paperwork to Buy / Refinance a Home?

Documents Needed to Buy a Home Gathering the paperwork and documents you’ll need to buy a house is a smart move, and it’s not as much work as you might expect—particularly when you know going in what you’re going to need. You’ll have an easier time with your mortgage during a stressful period, and that […]

2 Jul 2021

Are We in a Housing Bubble? Experts Say No.

Are We in a Housing Bubble? Experts Say No. The question of whether the real estate market is a bubble ready to pop seems to be dominating a lot of conversations – and everyone has an opinion. Yet, when it comes down to it, the opinions that carry the most weight are the ones based […]

15 Jun 2021

We All Know There Is a Housing Shortage, But Is Relief on the Way?

Hope Is on the Horizon for Today’s Housing Shortage The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates […]