According to Iris - The Michigan Market’s Still Winning — Here’s Proof 🏠

Oct 7

Michigan mortgage news

Home price growth drops to lowest level in two years nationwide:

Bad news - Home price growth in the U.S. has decelerated significantly, with the S&P CoreLogic Case-Shiller index showing just a 1.7 % year-over-year increase in July — the slowest pace in about a year. (HousingWire)

Good news - Michigan is unlikely to see a sharp collapse in home prices — the fundamentals (demand, limited supply, population, mortgage rates) still support stability. We are local experts and national headlines can distract us and our buyers and sellers from our local footprint. Let’s stay positive and present facts.

Read the Article

Sidelined buyers use Doctor Loan to buy dream home!

New Iris Doctor Loan is LIVE!

And it’s not just for doctors so we are going with Medical Professional Mortgage for now.

Problem: Our buyer was starting their new job, but they did not have a lot saved up due to school and residency wages.

Solution: To the rescue, our 0% down, no mortgage insurance solution up to $2 million. They bought their dream home in Grosse Pointe Park and saved money for home remodeling and investing instead of an unreachable down payment.

PS nurses love this too, we just closed a Registered Nurse for her starter home in Saint Clair Shores too! Learn more below!

Learn More About our MPM Loan

Iris is growing

Welcome Tyler Harrigan!

After eight years at Rocket retail, Tyler is excited to build real estate relationships and seeks introductions to new and existing partnerships. He is currently renovating his duplex on Lakepointe in Grosse Pointe Park and his favorite meeting spot is Le Rouge!

Around our neighborhood

Proud Bear Den sponsor of the Maire-A-Thon!

Our mortgage brokerage is locally owned and operated in Grosse Pointe Park - meaning your referrals and revenue stays right here in our community. This allows us to re-invest in things we love - in our schools, neighborhood and partners. The Maire-A-Thon took place October 3rd and we helped raise over $30,000 for the school and volunteered at the event. Thank you for your support an contributions!