Think Twice Before Waiting for Lower Home Prices Navigating the Housing Market: Why Delaying Home Buying for a Price Crash Isn’t the Best Strategy In the ever-evolving landscape of the housing market, it’s natural to wonder about its future direction. Among the factors that capture your attention, home prices often stand out, particularly considering their […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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Home Prices: It’s All About Supply and Demand Welcome back to the Region Mortgage blog. We are glad you visited us and hope you find the following information useful. If we can be of any further assistance, please call us! As we enter the summer months and work through the challenges associated with the current […]
