I can’t help but compare Alaska’s in and out migration to that popular burger. Net migration is the number of people who move to Alaska minus the number who leave. For decades, Alaska has enjoyed net migration but that changed between 2015-2020 when Alaska lost migrants in Continue Reading
How to Buy a House That Doesn’t Exist
With less than a one month supply of single family homes for sale in the Municipality of Anchorage, frustrated buyers wanting to take advantage of historic low interest rates are exploring new construction. However, with few speculative homes being built, buyers are having Continue Reading
Why Do Homeowner Association Dues Cost So Much?
Well, the simple answer is they don’t, not really. HOA dues can be divided into two basic groups. The first group is what you would normally pay if you owned a single family home without an HOA. Every homeowner pays for water, sewer, garbage, building Continue Reading
Are You Eligible for a Property Tax Exemption?
You may be eligible for a property tax exemption if you are a senior citizen, a disabled veteran. a military service widow/widower or if you owner occupied a residential property which was at least 50% destroyed by fire. These are just a few of the exemptions that may Continue Reading
The Hidden Underbelly of Our Red Hot Housing Market
The red hot housing market has pushed its way into the new year. For January 2021 MLS reports a 41% increase in the number of sales compared to last year’s January plus an average price increase of 12.95%. This past week there were 65 pending sales in Anchorage/Eagle Continue Reading
Low Mortgage Rates Entice the Small Investor
Historic low mortgage rates are not just for the single family/condo home buyer. Mortgage rates are also a major factor in profitability for the small investor who chooses to begin with an owner-occupied property. According to Madona Rhine-Stack at Alaska Continue Reading
Home Building – An Economic Booster
The construction industry in Anchorage lost 600 jobs in 2020. It was down from 7,800 in 2019 to 7,200. Most of that loss was in the commercial sector. In its January 2021 Jobs Forecast, Alaska Economic Trends reported that two of the three new hotels Continue Reading
Alaska’s Ever Changing Real Estate Market
More people are leaving Alaska than moving in. According to the Department of Labor, Alaska has lost more movers than it’s gained every year since 2013. As of July 2020, the population had fallen to 728,903 from 740,637 in 2016. Like many economic factors, the Continue Reading
It’s a New Year and a New Bubble
Nobody really knows what 2021 will be like but here are a few ideas to ponder when it comes to housing. Will you still be working from home? Perhaps, in a new ‘statement’ office-the envy of your former office mates? Will you be adding some blue/green Continue Reading
Reflections on the 2020 Real Estate Market
There is always a back story of how, where and when buyers and sellers enter the market. Nowhere or no time has this been more true than in 2020. Historic low mortgage rates brought a trove of first time buyers into the home buying market as well as move-up Continue Reading
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Connie Yoshimura, Owner/Broker of Berkshire Hathaway HomeServices Alaska Realty.