Test Your Market Knowledge

1. How would you describe the Anchorage housing market?
A. Declining B. Steady C. Increasing

2. Interest rates hover at Historic Lows
A. True B. False

3. What is the average monthly rental rate in Alaska?
A. $1,238 + utilities B. $1,338 + utilities C. $1,438 + utilities

4. How many rental units are there in the state?
A. 42,000 B. 62,000 C. 92,000
D. 102,000

5. What was the Alaska foreclosure rate at the end of 2016?
A. 0.60% B. 0.99% C. 1.53%

6. How many housing units (all categories) did the Mat-Su Borough add in 2016?
A. 329 B. 529 C. 729 D. 929

7. How many housing units (all categories) did Anchorage build in 2016?
A. 423 B. 523 C. 723
D. Less than 423

8. Anchorage has had how many single family home starts thru April 2017?
A. 108 B. 88 C. 68 D. 48

9. What is Alaska’s per capita income?
A. $45,307 B. $55,307
C. $65,307

10. Where does Alaska’s income rank in relationship to other states?

11. What is the U.S. average income?
A. $39,571 B. $49,571
C. $59,570

12. “Sales prices and rents are stable and foreclosures are down. Fewer units are being built and sales volume is lower, but that may be helping the market stabilize by reducing supply.”
A. True B. False

Answer Key 1. B 2. A 3. A 4. C 5. A 6. D 7. D 8. D 9. B 10. Higher 11. B 12. A