This month’s mortgage interest rate jump up to 4.125 % has sent buyers scampering to find a new home. The week before Thanksgiving forty-five homes pended in Anchorage compared to twenty-seven in 2015. That trend continued into Thanksgiving week when six additional sales Continue Reading
The Power of Your Homeowners’ Association
Homeowners’ associations are a necessity in today’s world of residential development. Whether it’s a condominium or single family development, any new community that has a common area, including signage easements, greenbelts, perimeter fencing, is subject to the uniform Continue Reading
Is the Longer a Home on the Market the Less it’s Worth?
That may be the case in our local housing market. There are less than a thousand single family homes on the market with an average sales price of $370,000. They’ve been on the market an average of eighty-nine days. However, the average sales on the market for sold Continue Reading
New Home Permits at an Historic Low
Last week the MOA published the Building Home Permit Activity Report for the first three quarters of this year. The report which tracks residential and commercial construction and alterations shows an historic low of 160 single family permits. With the frost and first snow Continue Reading
Inventory On Rise, But Hesitancy Emerging Among Buyers
The 2016 Anchorage residential market could best be described as having had a minor fender bender, not the fatal crash so many naysayers predicted for the housing market. Thousands of owners have not turned in their keys to the bank like they did in the 1980’s. In fact, Continue Reading
How Accurate Is Your MOA Tax Assessment?
Pretty darn accurate, according to the MOA tax assessor’s 2016 annual report. MLS reports an average sales price of $366,592 through November 2015 and the MOA average assessed value is $354,704. That’s a 97% ratio based on 3,037 deeds recorded through Dec. 12th 2015. Of Continue Reading
Open the Door to a New Home
Visit the Parade of Homes Sept. 10-11 and open the door to thirty-one new homes. This year’s crop of new homes range from a Hultquist Home townhouse style condo in IronTree at $242,000 to a luxury hillside home perched on a ridge in Potter Highlands with an unobstructed Continue Reading
What to Expect from the Home Inspector
Selling a home is a four step negotiating process. Step one is deciding the asking price in consultation with your realtor. Step two is negotiating the price and terms of any offer that you receive. Step three is negotiating the recommended list of repair items from a home Continue Reading
Summer Real Estate Sales Activity
I hope everyone had a pleasant 4th of July weekend which is always a nice mid-summer break before real estate sales pick up for the next four months. Whether or not we have the usual bump in real estate sales activity will be a good indicator of our local economy. In real Continue Reading
Looking for a New Home in Today’s Market
According to the MLS, residential active listing inventory in the Municipality of Anchorage bumped up to over 900 units for sale in April and May, similar to the available inventory in 2010, turning the Anchorage market into more of a buyer’s market than a seller’s. Just a Continue Reading