Archives for January 2018

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