Welcome to 2017! There’s lots of opinions about the local housing market but facts are always better than opinions. Take this quiz and learn the facts. 1. What was the average MLS sales price of a single family home in 2016? A. $260,000 B. $306,000 C. $366,000 D. Continue Reading
The Past Is Not Always the Future in Home Sales
A fourth quarter surge in activity brought 2016 within field goal range of 2015 home sales. Yearend sales for Anchorage came in just shy of 3,000, down only 58 sales from 2015. The late fall mortgage rate jump up to 4.325% for a 30-year fixed loan jolted both buyers and Continue Reading
Some Predictions for the 2017 Housing Market
Predicting the future is always a risky task for columnists and this year, in particular, is fraught with uncertainty, from the state’s economic stalemate and how the potential actions of President Trump may impact inflation and interest rates. Nevertheless, here’s an Continue Reading
What I Learned in 2016
What I love most about selling real estate is that every property, every buyer, every seller is different so it is never boring! Putting all those variables together to complete a transaction gives you a uber high of satisfaction. Every year also has a different set of Continue Reading
Cost Versus the Value of Remodeling
According to the cost vs. value report published by Hanley Wood, LLC. in 2014, mid-range remodeling projects vary greatly when comparing actual job cost to resale value. One project where owners can expect a 100% return, particularly in Alaska’s cold climate, is the addition Continue Reading
The 2017 Question: Remodel or Buy New?
It’s on the mind of most Anchorage homeowners who own a home built in the 1980’s and beyond. Anchorage’s housing aging stock is a boom for the big chain stores like Home Depot and Lowes who offer easy cosmetic remodeling for surface items like flooring, countertops and even Continue Reading
Interest Rate Jump Wakes Up Anchorage Buyers
This month’s mortgage interest rate jump up to 4.125 % has sent buyers scampering to find a new home. The week before Thanksgiving forty-five homes pended in Anchorage compared to twenty-seven in 2015. That trend continued into Thanksgiving week when six additional sales Continue Reading
Why Are HOA Dues So Expensive?
Today, it’s rare to find a new single family community that is not part of the Common Ownership Interest Act. Even a monument sign and landscaping at the entrance requires an association and thus a board of directors and a budget. The list of expenses that are included in Continue Reading
The Power of Your Homeowners’ Association
Homeowners’ associations are a necessity in today’s world of residential development. Whether it’s a condominium or single family development, any new community that has a common area, including signage easements, greenbelts, perimeter fencing, is subject to the uniform Continue Reading
Is the Longer a Home on the Market the Less it’s Worth?
That may be the case in our local housing market. There are less than a thousand single family homes on the market with an average sales price of $370,000. They’ve been on the market an average of eighty-nine days. However, the average sales on the market for sold Continue Reading
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