For months, active inventory has been dropping to record lows, exacerbating buyers as demand rose and competition made houses difficult to find. But over the past two weeks, things have started to shift. Inventory rose for the first time since October of 2020, increasing from 2,240 to 2,384 homes. Over this same period, demand dropped 3%, signaling that buyers may be becoming weary of such a fast-paced Hot Seller’s market.

For Tess, community service starts with individuals. Along with the care she shows members, a defining characteristic of her work is her desire to see others accomplish their dreams, especially the underprivileged. She uses her passion to make a direct, positive impact on their lives. “It’s a humbling experience to help a member in need of financial assistance and when you help them and assist in accomplishing their dreams, it’s so rewarding,” she said.

Whether it’s a grocery store worker speedily bagging food items to get you through the checkout line before your 3 PM meeting or a nurse showing extra care when you check into the hospital feeling unwell, we believe that hard work in any role should be honored. Next month, we are focusing on honoring everyday heroes who make a day-to-day difference in people’s lives through their dedication to their jobs and students who show potential to do great things for their community in the future.

Your home is more than the place you rest your head at night, eat meals, and invite guests. It’s an investment—and an asset. Unlike other purchases, the money you pay towards your mortgage doesn't disappear. From the time you put down your first payment, that cash is put to work building equity in your home. Like depositing money in a savings account, paying money towards your mortgage is building your financial future.

The housing market has been anything but predictable; while economic conditions over the last year have impacted almost every industry and financial sector, the housing market has been unbelievably resilient. Many are wondering—where does it go from here? Check out a recap from our latest webinar on what these unprecedented economic conditions mean for the local real estate market.

Over the past few year, we’ve all become more reliant on online banking, as completing transactions at an in-person branch hasn’t always been an option. As times change, we want to make sure everybody feels safe and confident while doing their everyday banking. That’s why we’ve been asking members what we can do to improve their online experience.

Matt exemplifies service daily. Since moving to Alaska to be with his wife over two decades ago, he’s formed deep roots in his community and inspired others with his dedication to service. With over 20 years of experience in the financial industry, he’s helped countless people build better lives and is always there to help them get through difficult times.

With no lack of interest, new homes hitting the market are selling at record speeds. Like in an auction, many interested buyers drive the price up to a point none of them had initially been willing to pay for the item. Many times, even a full-price offer isn’t enough, and the home goes to the buyer with a counteroffer above the asking price.