But millennials as well! According to a recent builder survey, seventy-four percent of millennials will buy a home in the next five years. Struggling with student debt and just beginning their career path, younger millennials are discovering that smaller homes are more Continue Reading
How’s the market? Find Out When You Take this Quiz!
Everywhere I go people ask ‘How’s the market?’ Potential buyers are wondering if mortgage rates are going to go lower. They also want to know if we’re at the bottom of the market. My response to that question is ‘You never know when the bottom of the market Continue Reading
Use Your PFD to Grab a Low Mortgage Rate and Buy a Home
I know it’s tempting to use that PFD to vacation in Hawaii, buy a new TV with all the latest technology or even pay off that F-150 truck with the extended cab but there is no better use for your PFD than to make a real estate investment whether you’re a first time homebuyer Continue Reading
Condos Come in All Shapes, Sizes and Price Ranges
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
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
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Connie Yoshimura, Owner/Broker of Berkshire Hathaway HomeServices Alaska Realty.