Most buyers are familiar with the 30 year fixed rate mortgage but with higher interest rates the ARM mortgage is becoming the talk of the industry which typically has an initial lower interest rate. An ARM mortgage, according to Madona Rhine-Stack, NMLS #204026, Senior Continue Reading
Advice for Sellers
Despite the widely publicized increase in mortgage interest rates, it is still a seller’s market with only 84 Anchorage single family homes for sale and 31 in Eagle River. However, despite this historic low inventory, sellers still need to take time to prepare Continue Reading
A Tight Housing Market Flies into Gale Force Winds
If you think the Anchorage residential real estate market couldn’t get any tighter, think again. Historically, a balanced inventory to sale ratio is somewhere between a two to three month supply. Single family inventory just went negative in February with 173 Continue Reading
Thoughts on Real Estate Today & Tomorrow…
The first two months of 2022 have seen buyers continue to grapple with extremely low inventory of for sale homes. According to Alaska MLS, there is now less than a half month’ supply of available inventory. The only significant change in the market is the extreme decline in Continue Reading
Hello Mat-Su!
I’m sure this headline comes as a surprise to many of you who have known me for over forty years as an ‘Anchorage’ realtor and residential land developer. However, I can no longer ignore our great neighbor to the north. Forbes Magazine recently rated the Gateway Continue Reading
Unprecedented Market Conditions
Never in my forty years of real estate have I seen a market quite like this one. The bidding war for homes in excellent condition, regardless of their age, is even more competitive in 2022, than last year’s frenzy of multiple offers and escalator clauses. The Continue Reading
Inventory Shortages Continue in 2022
It’s hard to believe that yesterday there were only 88 single family homes for sale in Anchorage, inclusive of all price points. And that between $475,000 and $525,000 there were only three! Those three included a home built in l960, l961 and l975, prime examples Continue Reading
Still Chasing the American Dream…
From Dubai to Dallas to Wasilla, Alaska, the residential real estate market flourished in 2021 despite the disruption of covid virus. Nationally, home prices rose 18%, according to a recently published Berkshire Hathaway HomeServices report. Anchorage experienced Continue Reading
Anchorage Struggles to Compete with the Mat-Su Borough
According to the 2020 U.S. census, Anchorage lost 579 citizens during the last decade. However, not all of them left for warmer weather as the Mat-Su gained a whopping 18,096. The Mat-Su also gained almost 10,000 housing units to accommodate their surge in Continue Reading
Let’s Not Forget About Our Neighbor to the North
Alaska has a total land area of 586,048 square miles which makes it one-fifth the size of the entire continental United States. The Mat-Su Borough alone is about the size of Ireland. But Anchorage is confined by the mountains and Chugach State Park, the two arms Continue Reading
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Connie Yoshimura, Owner/Broker of Berkshire Hathaway HomeServices Alaska Realty, has over 30 years of residential real estate experience. She was the number one individual realtor, according to Multiple Listing Service, in 2015,2016, 2017.