Alaska’s top realtor and strategist, Chris Swires has revealed that this could be the perfect time for property buying and selling in Alaska, considering the Minutes of the Federal Open Market Committee June 18–19, 2013.
(PRWEB) August 02, 2013
Chris Swires, Alaska’s top real estate agent and associate broker working with RE/MAX Dynamic Properties, has unveiled that next few months could be the best time for property buyers and sellers in the country to invest, pointing to the projections made by the June 18–19, 2013, Federal Open Market Committee (FOMC) meeting.
Overall, FOMC participants projected that, under appropriate monetary policy, the pace of economic recovery would gradually pick up over the 2013–15 period, and inflation would move up from recent very low readings but remain subdued.
“The Fed’s June Open Market Committee demonstrated that their purchase of bonds is based on the strength and weakness of the U.S economy. Weak economic news normally causes more bond purchases, and home loan rates are directly tied to mortgage bonds. As the Job reports continue to steadily rise, so should interest rates, but because inflation has jumped from the increase in gasoline prices, interest rates may hold steady for the near future,” said Chris Swires, associate broker at RE/MAX Dynamic Properties.
“So, If you have been thinking about selling or purchasing a home, now is the perfect time,” she added.
How Fed works?
The Fed purchases securities from a bank (or securities dealer) and pays for the securities by adding a credit to the bank's reserve (or to the dealer's account) for the amount purchased. The bank has to keep a percentage of these new funds in reserve, but can lend the excess money to another bank in the federal funds market. This increases the amount of money in the banking system and lowers the federal funds rate. This ultimately stimulates the economy by increasing business and consumer spending because banks have more money to lend and interest rates are lowered.
Housing is amongst one of the economic indicators examined by the Fed.
Because housing is very sensitive to interest rates, this indicator tells the FOMC how financial changes are affecting consumers. Housing starts are an estimate of the number of housing units that started construction in a given period. The report is produced monthly.
About Chris Swires
Chris Swires has been an Associate Anchorage real estate broker since 1996 and has also earned the Certified Residential Specialist Designation (CRS). Raised right here in Alaska, she has an intimate knowledge of the area and of the people. Chris is an associate broker working with RE/MAX Dynamic Properties and has earned consistent awards from 1994 through the year 2010, which ranked in her in the nation’s top 3% of real estate agents. She was also selected in the National “Best of the Best” in 1995 and earned the prestigious National “Who’s Who” award for the years 1995 and ’96 and again in 2000 and ’01.
For Property buying and selling advice in Alaska, you can contact Chris at (907) 338-8292 or visit http://www.chrisswires.com/.
Chris Swires - RE/MAX Dynamic Properties
3350 Midtown Pl
Anchorage, Ak 99503
Phone: (907) 338-8292
Fax: (907) 865-4750