Anchorage Real Estate is one of the strongest markets in the Nation and one of the most beautiful places to live! Surrounded by the Chugach Mountains, Anchorage is home to 40% of Alaska's population (over 300,000 residents in the geographic area), which makes it Alaska's largest city. Also, Children's Health Magazine ranks Anchorage 34th on Top 100 Best Places to Raise a Family list.
With her experience, knowledge, and sincere love for the communities in Anchorage, Alaska, Kathi is able to offer the best real estate services around! Her dedication, education, and experience in Anchorage Real Estate keeps her clients coming again and again for their real estate needs. Anchorage is comprised of several different areas: South Anchorage, East Anchorage, Eagle River, The Hillside, Turnagain, West Chester Lagoon, Sand Lake, Jewel Lake, Government Hill, Downtown, Muldoon, Kincaid Park and many more wonderful subdivisions!
The military presence in Anchorage is also significant. Elmendorf Air Force Base is home to over 23,000 active duty, personnel, and their families.
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Anchorage Economic Development Corporation Forecast:
Fastest Growing Demographic of Buyers: No matter where you are around the country the question Realtor's ask themselves is, 'Who are buying homes these days?' A lot of research goes into who has the money or the credit to be able to buy homes. Many of your average Americans fell victim to housing market crash. So who can sell? Who can buy? At this time, the growing demographic of buyers are foriegn buyers or immigrants
What to Expect During 2011 - a Look at Where We Have Been and Where We are Going: Neal Fried, economist with Alaska Dept Labor and Workforce Development spoke at the BOMA (Building Owners & Managers Association) meeting this month.While our nation lost 7.5 million jobs from Dec 2007 to June of 2009, in Alaska, jobs were down slightly in 2009, but up 500 jobs in 2010, a growth overall.2011 is expected to be about the same with a slight increase in the number of medical professional positions this year. Both Neil Fried and the Anchorage Economic Development Corporation agree Alaskans are very fortunate to be here in Alaska, a strong market in 2010 and coming in 2011.
Anchorage places 4th for average household income at $82,554, while Alaska State average is $79,934.Maryland was 1st with an average income of $84,254 and New Jersey was 2nd at $83,381.Forbes rates Fairbanks as the fastest growing city for 2010.
Real estate valies will be stable this year and may increase as buyers and sellers continue to make decisions based on their needs. The motivator for both buyers and sellers to consider their choice are interest rates, which remain low (around 5%) and this impacts consumer affordability. It is also interesting to see mre people were moving from Wasilla to Anchorage this year, rather than the reverse as it has been in recent years. If you are or know someone making such a move, I'd be happy to assist finding a new home in Anchorage.
Both residential and commercial builders seem to be affected the most by our economy.Building permits are down both residential and commercial for the 4th year in a row.They will be happy to hear that even though the Federal Obama money/construction projects are near completion, the State of Alaska has about $500 million of new construction money for these projects in 2011, including 5 new libraries in remote areas. Office space vacancy rates in Anchorage are 7.2% while nationally they are at 17%.This means our commercial buildings are holding their values due to solid occupancy rates.There CIRIbuilding will bewill be coming on the market with lease space, with 40,000 sq ft on Klatt W. & "C" Street.
Did we really have a recession?In the "lower 48", there is no question, however in Alaska, Neal believes history will have to tell us.The numbers are too close.He believes some markets felt more of a recession than other such as the building industry.However, many other areas grew during the same period, such as medical.Therefore, the overall numbers look as though we may have had a "flat" economy rather than a recession like the 'lower 48'.
