What to expect in 2018
First and foremost we would like to take this opportunity to thank our clients from 2017 that bought or sold real estate through us. The trust and confidence you placed in us guaranteed us as a Top Producer last year. It is our honor and pleasure to represent you in your real estate goals.
Secondly, we have a new member of our team to introduce. Being that our fearless leader Larry was the only male on the team we decided to even out the ratio just a little bit. Taking Alex Nanez under his wing has been a fantastic addition to our crew. He is hungry, eager and always willing to sit an open house. As a lifelong Alaskan who is fluent in Spanish he is a true asset.
As we are all aware 2017 was a difficult year for Alaska due to oil prices And the outward migration of some people. Surprisingly the impact on real estate
In the Anchorage area was minimal. The statistics indicate that prices have dropped around 1-2 1/2% depending on the homes price. This is still very minor when all factors are considered.
From the beginning of 2018 we’ve expected and warned everyone that interest rates were going to rise, and they have. We started the year with FHA/VA rates for 30 year loans at 3 5/8% to 4% and as of this writing today the rate is 4.625% Expected to go higher several more times this year.
We wanted to reach out to all of our clients, friends, and family to reassure them that we are here ready to go to work for you at any time regarding your real estate needs & goals. This may be the perfect time to buy before interest rates go higher or the perfect time to sell before the buyer for your home is eliminated due to the rising interest rates. Either way we’d love to hear from you in the near future.
Best wishes to you and your family,
The team the gives performance, not promises
Alaskan Performance Partners