Lots of articles have been written about what the ‘millennials’ are looking for in a new home, as they emerge from their parents’ spare bedroom. Spurred on by low interest rates, a better job market, and lower down payments, this 25-to-35 year old age group is slowly, but Continue Reading
Finding Solutions to Anchorage’s Housing Crunch
Micro units are just one of the many ideas being considered in the discussion about how to solve Anchorage’s housing shortage. According to the Urban Land Institute, the micro apartment is typically less than 350 square feet with a fully functional, self-contained bath and Continue Reading
How Accurate Is Zillow’s Estimate of Values?
More than 90% of homebuyers begin their search online. The overwhelming site they rely on is Zillow which today produces over 100 million “Zestimates’ of home values based upon available public information and reports from the real estate industry on sales. The system Continue Reading
The First Quarter Was Good for Real Estate
The Anchorage real estate market is holding steady, despite a bump in residential inventory for the first quarter of this year. Sales volume jumped from $167 million to just over $189 million, a 13% increase in volume. However, to accomplish an agreed transaction, there is a Continue Reading
Buying a home that doesn’t exist?
This weekend is the Anchorage Spring Preview of Homes with twenty-nine entries from six different builders in price ranges from $808,000 to $300,000. Unlike the fall Parade of Homes, these entries do not need to be completed and so visitors will see anything from furnished Continue Reading
An Overlooked Opportunity in Real Estate
One of the little discussed opportunities in residential real estate is the small income property. Whether a duplex, triplex or four-plex, it’s an excellent way to begin a real estate portfolio for the small investor or first time homebuyer. If you qualify for a VA Continue Reading
Residential Land Development
Residential land development is not an easy business. There are many factors to take into consideration before taking the big step to develop an unimproved parcel. First and foremost are the market conditions. Consider the type of development that is best suited for the Continue Reading
RESOLVING THE REMODELING DILEMMA
The problem with remodeling is that it never seems to stop. Once you replace the carpet and change out the Formica countertops to quartz, suddenly those white or black appliances look older than they really are. Remodeling is big business in Alaska. Just witness the growth Continue Reading
A Look Inside Anchorage’s Housing Stock
According to the U.S. Census Bureau, American Community Survey, there are approximate 104,980 occupied housing units in Anchorage. Seventy-five percent of those units were built before 1990, making Anchorage a haven for remodelers, but a frustrating home search experience Continue Reading
Despite Lack of Inventory, Strong Sales in 2015
Spurred on by lack of inventory, warm weather and the threat of rising interest rates later in the year, local buyers are doing their spring home shopping early. Actual closed residential transactions for January 2015 were 166 compared to 149 in 2014. Last week in Anchorage, Continue Reading
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