The spring buying season starts after Super Bowl Sunday and this year there are more active MLS Anchorage homes for sale than in the past five years. MLS has also reported a 5.89 percent drop in average closed sales price in January to $343,541 which is the lowest in over Continue Reading

It’s no secret that Anchorage is running out of lots, whether it’s for multi-family or single family development. There are many buyers in today’s local market that are frustrated due to the lack of larger lots.  Many want to move-up from their 6,000 to 8,000 square foot lot Continue Reading

According to Neal Fried, economist, with the Department of Labor, Anchorage lost an estimated 2,200 jobs in 2017 and he forecasts another 1,000 jobs lost in 2018. The only sector to increase jobs was in health care with a gain of 800 in 2017 and a projected gain of 600 in Continue Reading

Lawrence Yun, chief economist for the National Association of Realtors, has forecasted a national 2.5% increase in office rent, a 4% increase for industrial properties and a 2% increase in retail for 2018. Here in Alaska, our commercial real estate forecast doesn’t look Continue Reading

Due to lack of inventory, the 2017 residential market remained almost identical to 2016 with only a slight dip in single family sales and an average sales price of $366,000+ virtually identical to 2016. Even the condo market held study with an average sales price of $211,000 Continue Reading

Before we can predict the future of Alaska’s housing market, we need to remind ourselves about some of the unique factors affecting our market. One dominant factor is that seventy-five percent of Alaska’s housing was built between 1970 and 1990. A home built in the l970’s is Continue Reading

If you’re considering building a new home in 2018, now is the time to start.  After spending hours driving around and looking online, you have a good idea for location and builder so it’s time for a meet and greet with a builder at that meeting, you can explore his available Continue Reading

Unlike Alaska’s majestic scenery with its tall peaks and glacier crevices, Anchorage’s 2017 real estate market was more like a Midwestern plain—pretty uneventful and, if I dare say it because I grew up in Iowa, a little bit boring. Mortgage Interest rates remained steady, Continue Reading

Effective January 1, 2018 Alaskans will have new maximum mortgage amounts for single family, duplex, triplex and four-plex owner occupied loans. This is good news for buyers who are struggling, in particular, with the increased costs of new home construction. Alaska is one Continue Reading

It’s always hard to predict the future in residential real estate. I have probably been wrong more times than right when it comes to figuring out the market for the next year. This coming year is a particular challenge with the proposed changes in the tax code which may, or Continue Reading