If you believe that homeownership is the single best way to build individual wealth, now is the time for you to buy a home. Due to the concern over the economic impact of the coronavirus, this week the Fed cut their rate by half a percent, making long term mortgage Continue Reading
How Alaska’s Changing Demographics May Affect our Housing Trends
Alaska’s population fell in 2019 to 731,007 which is 8,600 below the peak of 739,649 people in 2016, according to the Alaska Economic Trends February 2020 report. The major factors affecting this decline is the number of people moving out of Alaska and fewer Continue Reading
How to File an Appeal on Your Property Assessment
Today is the deadline to file an appeal on your real property assessment. Approximately 100,000 ‘green cards’ were simultaneously sent out on January 12 which started the clock ticking on the 30 day right to appeal your tax assessed valuation. Go to www.muni.org/pa to Continue Reading
What’s Happening in the Market?
It is hard to believe but January sales in Anchorage increased by 37% when compared to January 2019. That increase was despite all concerns over the state’s economy, including job losses in the oil patch and Anchorage’s reported population loss. But, here Continue Reading
Why I Work the Street
That’s what I call doing open houses on weekends. That’s about the only time buyers have to look at homes. The rest of the week they’re busy working one, two, maybe even three jobs so that they can qualify to purchase a new home. I work the street Continue Reading
What to do about the ‘Missing Middle’
Anchorage is not alone when it comes to a housing deficit for the ‘missing middle’. In 1999, 37% of newly built single family homes had a square footage of less than 1,800, according to a National Association of Homebuilders study. Now, that total has shrunk to 23%. We’ve Continue Reading
2019 Real Estate Market Report & 2020 Predictions
There’s been little change in the Anchorage real estate market over the past five years. The average price of a single family home has remained stable, varying up and down by only a few thousand dollars from $364,919 to $375,000. Residential inventory has had a slow decline Continue Reading
How to Protect Your Home from Sub Zero Temperatures
It’s been a decade since Anchorage has experienced such a long stretch of subzero weather. It’s a good reminder that we live in the Arctic and need to plan and take good care of our homes. Frozen and burst water pipes are one of the most common problems and can Continue Reading
What is Your Luxury?
Perhaps luxury can best defined as something that is not essential but is expensive, desirable or valuable and provides comfort and enjoyment. At least that’s the definition that first pops up when you google the word. I’ve taken the liberty to add ‘enjoyment’. There Continue Reading
It’s Time to Increase Lot Coverage Ratios
Seventy-seven per cent of all home buyers, regardless of age or geographical location, prefer to live in a detached single family home. That percentage has consistently increased since 2003 when the National Association of Home Builders first began Continue Reading
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Connie Yoshimura is the Owner and Broker of Berkshire Hathaway HomeServices Alaska Realty. With over 40 years of residential real estate experience, she continues to be a leader in Alaska’s housing market. Most recently, she sold the highest-priced home ever recorded in the Alaska MLS.