More and more buyers are tired of losing out in the local market. Searching online at midnight; waiting in line to see a new listing; offering more than listed price; adding escalator clauses; and offering to purchase sight unseen. And in some circumstances, making Continue Reading
A SnapShot on Alaska’s Competitive Housing Market
Yesterday, there were only 214 active residential listings in the Municipality of Anchorage which includes not only Anchorage but Eagle River, Girdwood and Indian. Compare that to 565 pending sales. That balance between inventory and pending is upside Continue Reading
How Many of You Know the Popular In-N-Out Burger?
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
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Connie Yoshimura, Owner/Broker of Berkshire Hathaway HomeServices Alaska Realty.