It’s no secret that housing nationwide represents the largest share of consumer spending and Anchorage residents are no different. According to the U.S. Department of Labor, Anchorage residents spend a whopping 41.3% of their income on housing, making it the most Continue Reading
Archives for December 2011
Lack of New Construction Frustrates Home Buyers
Last night a buyer said to me, “We were about to make an offer on a home built in l983 but then realized we’d be buying a home that’s almost thirty years old! We’re concerned about maintenance and repairs. Can you show us something new?â€Â Just a few days before Continue Reading
Low Interest Rates Create More Buying Power
Our current low interest rates are a bright spot in a flat housing market. Low interest rates allow buyers to qualify for a much higher valued home. The current rate on a thirty year fixed rate loan is 4.5%. When that interest rate bumps up just one percent which it surely Continue Reading
Connie Yoshimura, Owner/Broker of Berkshire Hathaway HomeServices Alaska Realty.