Everywhere we look, the media is saying there is a real estate crash or it is on the brink of crashing. That may be true in some states where "creative" financing schemes were used, such as Adjustable Rate Mortgages (ARM), interest only loans, etc. Most of those ARM's are now starting to expire around the nation and homeowners are finding they cannot afford their mortgage payments any longer.
The good news for Alaskans and individuals looking to relocate to Alaska, is there is a strong economy and housing market in Alaska, especially the Anchorage, Eagle River, Chugiak, Wasilla, and Palmer areas. Our real estate market has been healthy and has enjoyed steady appreciation rates and there are no indications that it is going to decline. We have new jobs popping up all over the state and the economy is thriving.
So for those worried or hesitant about buying or selling a home in Alaska, don't fret. You can feel confident you are making a wise choice when buying or selling a home in the Anchorage and Mat-Su Boroughs.