There are single family condos, duplex condos (where you purchase one side), site condos (which are enveloped in an air space), townhouse style, flats and multi-story, to identify a few. I recently had an opportunity to show condos to a buyer with a goal of purchasing Continue Reading
Archives for 2019
A Stable Market Heading into the Fourth Quarter
Despite all the concerns over potential job losses as a result of the state budget cuts and the recent announcement of BP’s sale to Hilcorp, the Anchorage and Eagle River residential markets have yet to demonstrate any negative affect. Pending sales for the Continue Reading
Highlights from the Fall Parade of Homes
It was a small tour with only nineteen homes in comparison to other years where there have been as many as thirty entries. That small number is no surprise because Anchorage home builders continue to struggle to find buildable homesites at a reasonable value due to the high Continue Reading
Demographics Dictate Buyer Preferences
Did you know seniors are more willing to accept smaller lots? Younger buyers want more square footage? And all buyers want a full-sized laundry room! All this and more is what you can read about in the National Association of Home Builders 2019 housing Continue Reading
New Mortgage Opportunities for Alaskans
First time home buyers account for 31% of all home sales, according to Lawrence Yum, chief economist for the National Association of Realtors. This percentage is down from around 40% of the market from years past. One reason for this downturn is because student Continue Reading
How Important is Technology in the Home?
Maybe not as important as we are lead to believe with all the gadgets now available from video doorbells to remotely controlled smart refrigerators. A 2018 survey by the National Association of Home Builders ranked security cameras as the most desirable of all technology Continue Reading
Anchorage Lacks Multi-Family Housing
National home ownership rates fell in the second quarter of this year, according to a recent report in the Wall Street Journal. The rate is currently 64.2%, down from 64.3% a year ago. Here in Alaska, the most recent statistic shows home ownership rate Continue Reading
Learn More about the Market when You Take this Real Estate Quiz!
1. The cost of living in Alaska has increased by A. 3% B. 4.2% C. Decreased by 1% 2. What are the major components of cost of living? A. Medical B. Transportation C. Continue Reading
A Look Back at the 2019 Housing Market
The cost of living in Alaska has increased by 3% according to the most recent Alaska Economic Trendsreport. The cost of medical, transportation, energy and housing all contributed to the increase with housing being the major factor. So it’s no surprise that the Continue Reading
Older Alaskans Need More Ranch Homes
Alaska’s senior population is growing. According to Alaska Economic Trends, Alaska has an estimated 87,304 seniors, up from 54,938 eight years before and more are on the way. Anchorage/Mat-Su added more than 17,000 seniors, representing over half the state’s Continue Reading
Connie Yoshimura, Owner/Broker of Berkshire Hathaway HomeServices Alaska Realty.