Due to lack of inventory, the 2017 residential market remained almost identical to 2016 with only a slight dip in single family sales and an average sales price of $366,000+ virtually identical to 2016. Even the condo market held study with an average sales price of $211,000 Continue Reading

Before we can predict the future of Alaska’s housing market, we need to remind ourselves about some of the unique factors affecting our market. One dominant factor is that seventy-five percent of Alaska’s housing was built between 1970 and 1990. A home built in the l970’s is Continue Reading

If you’re considering building a new home in 2018, now is the time to start.  After spending hours driving around and looking online, you have a good idea for location and builder so it’s time for a meet and greet with a builder at that meeting, you can explore his available Continue Reading

Unlike Alaska’s majestic scenery with its tall peaks and glacier crevices, Anchorage’s 2017 real estate market was more like a Midwestern plain—pretty uneventful and, if I dare say it because I grew up in Iowa, a little bit boring. Mortgage Interest rates remained steady, Continue Reading

Effective January 1, 2018 Alaskans will have new maximum mortgage amounts for single family, duplex, triplex and four-plex owner occupied loans. This is good news for buyers who are struggling, in particular, with the increased costs of new home construction. Alaska is one Continue Reading

It’s always hard to predict the future in residential real estate. I have probably been wrong more times than right when it comes to figuring out the market for the next year. This coming year is a particular challenge with the proposed changes in the tax code which may, or Continue Reading

Despite job losses and Alaska’s mild recession, the Anchorage housing market has held steady in 2017. The number of residential sales has declined only three percent compared to 2016 sales. However, the average sales price has remained constant at $365,000+. Days on the Continue Reading

Still awaiting a hearing before the local Planning and Zoning Commission is an amendment to the Anchorage Municipal Code, Title 21, modifying Accessory Dwelling Unit (ADU) Regulations. Originally scheduled for Oct. 2 and rescheduled for Nov. 13th, it was postponed again due Continue Reading

As can be expected top destinations for foreign buyers are the sunshine states of Florida, California, Texas and Arizona. However, in a little heralded survey in 2015, published by the National Association of Realtors, Alaska ranked number #6 as a destination for foreign Continue Reading

The Anchorage real estate market will take a hit if changes to the beloved mortgage interest deduction includes a reduction from $1,000,000 to $500,000, as currently being proposed by Congress. Although still up for debate in the U.S. House and Senate, there’s probably at Continue Reading