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
An Important Apology from the President of the National Association of Realtors
In 1979 I received my Alaska real estate license. I was unaware that only 11 years before the National Association of Realtors had opposed the passage of the Federal Fair Housing Act. And at one time allowed members to be excluded based on race or gender. Thus, Continue Reading
Over $1 Billion in Closed Residential Sales
For the first ten months of 2020 in the Municipality of Anchorage. It’s an incredible number in light of COVID-19, high unemployment in hospitality and tourism and 3,000 fewer employees in the oil industry. October’s average sales price of $406,974 is the highest Continue Reading
VA Financing Helps Promote Home Ownership
At ten percent, Alaska has the highest per capita share of veterans than any other state. And according to the 2016 Housing Assistance Council, Alaskan veterans have a home ownership rate of 69.5% which is higher than the homeownership rate for Continue Reading
Not All Condos Are Residential
When I say condos, I’m always talking about bedrooms, bathrooms and garages but when Lottie Michael talks condos, it’s all about ceilings heights, plumbing and medical complexes. Lottie Michael, CCIM, heads up Berkshire Hathaway Home Services Alaska Realty’s Commercial Continue Reading
Differing Opinions Emerging on the Market
A longtime friend, client and real estate investor wrote me this week expressing his concern about the future of the south central residential real estate market. His take is there has been a slight slowdown in the market (true) and the emerging combination of Continue Reading
A Guide to Understanding Your Appraisal
Yesterday, Paige Hodson, a local appraiser with over 38 years of experience, was the guest speaker at our sales meeting. So if you are wondering how your home is valued when it comes time for a sale, here are some helpful hints. Not all appraisers are part of the Continue Reading
A Divided Housing Market
It’s hard to remember what real estate sales and the market was like before Covid-19. Booties, masks, gloves and health questionnaires are now standard protocol for open houses. Yesterday, we had a buyer meeting for a potential new home in Sandhill Reserve with the buyer’s Continue Reading
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Connie Yoshimura, Owner/Broker of Berkshire Hathaway HomeServices Alaska Realty.