According to the Anchorage Economic Development Corporation report, Anchorage lost an estimated 2,700 jobs. People are motivated to buy and sell homes primarily as a result of marriage, birth, death, divorce and job change. You would think that the reported 2,700 job loss Continue Reading
Archives for 2017
Evaluating Your Property Tax Assessment
Every year on January 15th, the Municipality of Anchorage is required to mail assessment notices to property owners for all taxable property. That date begins a 30-day appeal period. Feb. 29th is the last day to submit evidence for appeals and during Mid-March to June, the Continue Reading
Why the Housing Market Is Not What You Think
There’s a lot of discussion about the down turn in the Anchorage housing market but how much of it is based on facts? Here are twelve facts that will let you be the judge of our local market. The average sales price of a single family home that sold in December 2016 was Continue Reading
Poems by Connie: February 1
I started my career in real estate so that I could make enough money to retire and write poems. And after thirty years, that’s still my goal! Along the way, I’ve discovered that selling real estate is just as creative as writing a poem. My professors at the University of Continue Reading
How to Appeal Your Tax Assessment
Those ‘pesky’ green cards are out to MOA property and business owners. By city ordinance, the cards must be mailed by January 15th each year and owners have thirty days from the mailing date to file an appeal. In order to do so, you must complete a written appeal form Continue Reading
Why Do Some Homes Sell in a Matter of Hours While Others May Take Months?
The average time on the market in 2016 for the 2,950+ homes that sold through MLS was 51 days. As you might expect, homes priced over a million dollar took longer to sell—an average of 92 days—while the shortest time on the market was 36 days for homes between $225,000 – Continue Reading
Test Your Real Estate Knowledge
Welcome to 2017! There’s lots of opinions about the local housing market but facts are always better than opinions. Take this quiz and learn the facts. 1. What was the average MLS sales price of a single family home in 2016? A. $260,000 B. $306,000 C. $366,000 D. Continue Reading
The Past Is Not Always the Future in Home Sales
A fourth quarter surge in activity brought 2016 within field goal range of 2015 home sales. Yearend sales for Anchorage came in just shy of 3,000, down only 58 sales from 2015. The late fall mortgage rate jump up to 4.325% for a 30-year fixed loan jolted both buyers and Continue Reading
Some Predictions for the 2017 Housing Market
Predicting the future is always a risky task for columnists and this year, in particular, is fraught with uncertainty, from the state’s economic stalemate and how the potential actions of President Trump may impact inflation and interest rates. Nevertheless, here’s an Continue Reading
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