Most buyers are familiar with the 30 year fixed rate mortgage but with higher interest rates the ARM mortgage is becoming the talk of the industry which typically has an initial lower interest rate. An ARM mortgage, according to Madona Rhine-Stack, NMLS #204026, Senior Continue Reading
Archives for March 2022
Advice for Sellers
Despite the widely publicized increase in mortgage interest rates, it is still a seller’s market with only 84 Anchorage single family homes for sale and 31 in Eagle River. However, despite this historic low inventory, sellers still need to take time to prepare Continue Reading
A Tight Housing Market Flies into Gale Force Winds
If you think the Anchorage residential real estate market couldn’t get any tighter, think again. Historically, a balanced inventory to sale ratio is somewhere between a two to three month supply. Single family inventory just went negative in February with 173 Continue Reading
Thoughts on Real Estate Today & Tomorrow…
The first two months of 2022 have seen buyers continue to grapple with extremely low inventory of for sale homes. According to Alaska MLS, there is now less than a half month’ supply of available inventory. The only significant change in the market is the extreme decline in Continue Reading
Connie Yoshimura, Owner/Broker of Berkshire Hathaway HomeServices Alaska Realty.