Kimbee Mahle
Kimbee Mahle
Latitude 58 Real Estate Group
Juneau, AK 99801

907-723-7399
Contact Me

Testimonials

KimBee was great to work with. Three years ago she helped us find and buy our first house. She was always there to show the house we were interested in, and very helpful in finding ones we didn't know about. She just helped us sell that same house. We had an offer in 11 days! She always kept us informed about what was happening, and what needed to be done. If you're looking to buy or sell, Kimbee will get the job done!! Jeremy Lemke
Sometimes the Job gets tough, sometimes it takes a great agent to calm the nerves or a seller/buyer. Buying or selling house is one of the most adult things people can do. Kimbee on many occasions went above and beyond her calling. It takes a true professional to get the deal done. Thank you for all you did. You are appreciated!! Kevin Dean
Kimbee sold us our first house and she did an amazing job. I truly believe we would not have gotten the house without her. It is great to work with someone who is honest with you and dose not try to push you into something you don’t want. She helped us find exactly what we wanted and did not push us into a house we where not in love with. She did an amazing job communicating with the other Realtor and when the title company had some things wrong with the closing paperwork she made sure it was taken care of quickly and was exactly what we had agreed to. I would recommend her to my friends and I do just that. She can help you find your next home or help you sell it. Katy Lundquist
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Keeping Current Matters

Looking for great information on buying or selling your home? You've come to the right place! 

Mortgage Rates on FIRE! Home Prices Up in Smoke?

Mortgage Rates on FIRE! Home Prices Up in Smoke? | Simplifying The Market

Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year.

What impact will rising rates have on house values?

Many quickly jump to the conclusion that an increase in mortgage rates will have a detrimental impact on real estate prices as fewer buyers will be able to qualify for a loan. This seems logical; if there is less demand for housing then prices will drop.

However, in a good economy, rising mortgage rates increase demand as many prospective purchasers immediately jump off the fence to guarantee they get the lower rate.

Let’s look at home prices the last four times mortgage rates increased dramatically.

Mortgage Rates on FIRE! Home Prices Up in Smoke? | Simplifying The Market

In each case, home prices APPRECIATED and did not depreciate. No one is projecting as dramatic an increase in rates as the examples above. Most are projecting an increase of approximately 1% by the end of the year.

The last time mortgage rates increased by 1% over a twelve-month period was January 2013 (3.41%) to January 2014 (4.43%). What happened to house prices during that span? They appreciated by 9.8%.

Just two weeks ago, Rick Palacios Jr., Director of Research at John Burns Real Estate Consulting explained:

“Mortgage rates have risen 1% or more ten times in the last 43 years, with little impact on home sales and prices when the economy was also strong…Historically, rising confidence, solid job growth, and higher wages have more than offset reduced demand for housing resulting from higher mortgage rates.”

Bottom Line

When mortgage rates increase, history has shown that prices appreciate (and do not depreciate) during that same time span.

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80% of Renters Believe Homeownership is a Part of Their American Dream

80% of Renters Believe Homeownership is a Part of Their American Dream | Simplifying The Market

According to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream.

The profile went on to state that 50% of millennials believe that their rent will increase, with 20% believing that an increase in rent will be the catalyst that pushes them to consider buying a home vs. renewing their lease.

So, what is holding renters back?

80% of Renters Believe Homeownership is a Part of Their American Dream | Simplifying The Market

What would make renters take the plunge?

80% of Renters Believe Homeownership is a Part of Their American Dream | Simplifying The Market

NAR’s Chief Economist, Lawrence Yun believes that,

“Housing demand in 2018 will be fueled by more millennials finally deciding to marry and have kids and the expectations that solid job growth and the strengthening economy will push incomes higher.”

Yun goes on to warn that,

“However, with prices and mortgage rates also expected to increase, affordability pressures will persist. That is why it is critical for much of the country to start seeing a significant hike in new and existing housing supply. Otherwise, many would-be first-time buyers will be forced to continue renting and not reach their dream of being a homeowner.”

Bottom Line

If you are one of the many homeowners whose houses no longer fit their needs and are looking to move up to your dream home, now is a great time to list your starter home! First-time buyers are out in force looking to achieve their American Dream.

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Kimbee Mahle | 907-723-7399 | Contact Me
3000 Vintage Blvd, Ste 260 - Juneau, AK 99801
Copyright © , All Rights Reserved

All information contained within this website is gathered from sources believed to be reliable. We cannot however guarantee its accuracy and interested parties should make and rely on their own inquiries.  Information is confidential and is never sold, rented, or otherwise used for any purpose other than to help us match you with a bank, lender or broker (whom we will refer to all these as “Lenders”) or real estate agents who can meet your needs.