Everywhere I go people ask ‘How’s the market?’ Potential buyers are wondering if mortgage rates are going to go lower. They also want to know if we’re at the bottom of the market. My response to that question is ‘You never know when the bottom of the market Continue Reading
Condos Come in All Shapes, Sizes and Price Ranges
There are single family condos, duplex condos (where you purchase one side), site condos (which are enveloped in an air space), townhouse style, flats and multi-story, to identify a few. I recently had an opportunity to show condos to a buyer with a goal of purchasing Continue Reading
Demographics Dictate Buyer Preferences
Did you know seniors are more willing to accept smaller lots? Younger buyers want more square footage? And all buyers want a full-sized laundry room! All this and more is what you can read about in the National Association of Home Builders 2019 housing Continue Reading
How Important is Technology in the Home?
Maybe not as important as we are lead to believe with all the gadgets now available from video doorbells to remotely controlled smart refrigerators. A 2018 survey by the National Association of Home Builders ranked security cameras as the most desirable of all technology Continue Reading
Anchorage Lacks Multi-Family Housing
National home ownership rates fell in the second quarter of this year, according to a recent report in the Wall Street Journal. The rate is currently 64.2%, down from 64.3% a year ago. Here in Alaska, the most recent statistic shows home ownership rate Continue Reading
Learn More about the Market when You Take this Real Estate Quiz!
1. The cost of living in Alaska has increased by A. 3% B. 4.2% C. Decreased by 1% 2. What are the major components of cost of living? A. Medical B. Transportation C. Continue Reading
A Look Back at the 2019 Housing Market
The cost of living in Alaska has increased by 3% according to the most recent Alaska Economic Trendsreport. The cost of medical, transportation, energy and housing all contributed to the increase with housing being the major factor. So it’s no surprise that the Continue Reading
How to Buy a Lot
Despite this spring snowstorm, welcome to spring and the time of year when buyers shop for lots to build a new home on. However, not all lots are created equally so here is some advice based upon my years of experience as a residential land developer. First and foremost, I Continue Reading
How Anchorage’s Property Tax Compares to Other Communities
According to the Alaska Department of Commerce, Anchorage’s mill rate of 16.4 is the second highest in Alaska. Only Fairbanks has a higher mill rate of 19.8. In Anchorage the tax on a $350,000 home is $5,740 and $8,200 on a $500,000 home, excluding any Continue Reading
A Look Back at 2018’s New Construction Stats
All the state and local economists have predicted Alaska’ recession will end the latter part of 2019. Let’s hope so for the sake of the new construction industry which has lost over 900 jobs in the past three years. This chart shows an average 22 percent decline Continue Reading
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Connie Yoshimura, Owner/Broker of Berkshire Hathaway HomeServices Alaska Realty.