Despite the continued historic low number of building permits, a handful of builders are keeping the residential construction industry alive. Leading the pack are Spinell Homes and Hultquist Homes who collectively account for 33% of all duplex and single family permits. John Continue Reading
Archives for October 2016
New Home Permits at an Historic Low
Last week the MOA published the Building Home Permit Activity Report for the first three quarters of this year. The report which tracks residential and commercial construction and alterations shows an historic low of 160 single family permits. With the frost and first snow Continue Reading
Inventory On Rise, But Hesitancy Emerging Among Buyers
The 2016 Anchorage residential market could best be described as having had a minor fender bender, not the fatal crash so many naysayers predicted for the housing market. Thousands of owners have not turned in their keys to the bank like they did in the 1980’s. In fact, Continue Reading
How’s the Housing Market, Really? Take This Quiz.
1. Are the number of single family home sales down for the first eight months of this year compared to 2015? If your answer is yes, by what percentage? 2. What is the 2016 average sales price of a single family home in the MOA? A. $320,000 B. $350,000 C. Continue Reading
Why ‘New’ Costs So Much
Robert Dietz, the National Association of Home Builder’s Chief Economist, in a speech to Anchorage’s real estate industry this month, predicted a mortgage rate hike to 4.1% in 2017 and 4.9% by 2018 compared to our current rate of 3.5% for conventional financing. Dietz’s Continue Reading
Connie Yoshimura, Owner/Broker of Berkshire Hathaway HomeServices Alaska Realty.