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Dave’s Alaska Homes Real Estate Market Update for South Central Alaska

It has been a remarkable couple years in the real estate world. Home has become so much more important and as a nation we are experiencing the effects of NOT building near enough homes since 2012. We are somewhere between 6-8,000,000 homes short of what we needed just to keep up with population growth according to experts. So now we have low supply not keeping up with high demand and rapid appreciation. I have been working on the numbers of where we have been & where we are to get an idea where things are going. And frankly no, I don't think there is a crash coming any time soon.

Sellers: You’ll Likely Get Multiple Strong Offers This Season

Nationwide, the average seller today is getting nearly four offers. That number is significant because it means you’ll likely have multiple offers to pick from if you sell your house this season. To put things into perspective, no matter where your state falls, remember that you really only need one good offer to close the deal.

Experts Project Mortgage Rates Will Continue To Rise in 2022

Whether you’re thinking about buying your first home, moving up to your dream home, or downsizing because your needs have changed, purchasing before mortgage rates rise even higher will help you take advantage of today’s homebuying affordability. That could be just the game-changer you need to achieve your homeownership goals.

Sellers Have Incredible Leverage in Today’s Market

With buyers eager to purchase but so few homes available, sellers who list their houses this fall have a tremendous advantage – also known as leverage – when negotiating with buyers. That’s because, in today’s market, buyers want three things: To be the winning bid on their dream home ; To buy before rates rise; To buy before prices go even higher.

Knowledge Is Power When It Comes to Appraisals and Inspections

Both the appraisal and the inspection are important steps in the homebuying process. They protect your best interests as a buyer by providing unbiased information about the home’s value and condition.

What Does the Future Hold for Home Prices?

If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s rising home prices. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices continue to rise with time, or should you expect them to fall?

The Big Question: Should You Renovate or Move?

As a homeowner, the money you need to purchase the perfect home or renovate your current house may be right at your fingertips. However, waiting to make your decision may increase the cost of tapping that equity. If the past 18 months have refocused your thoughts on what you want from your house, now may be the time to either renovate or make a move to the perfect home.

Don’t Wait for a Lower Mortgage Rate – It Could Cost You

Clearly, today’s mortgage rates are worth taking advantage of before they climb further. The rates we’re seeing right now give you a unique opportunity to afford more home for your money while keeping your monthly payment down. Waiting for a lower mortgage rate could cost you. Experts project rates will continue to rise in the months ahead.

What Do Supply and Demand Tell Us About Today’s Housing Market?

The truth is, high demand and low supply are what’s driving up home prices in today’s housing market. And while prices may increase at a slower pace in the coming months, experts still expect them to rise. If you’re a potential homebuyer, let’s connect today to discuss what that could mean for you if you wait even longer to buy.

As Home Equity Rises, So Does Your Wealth

If you’re already a homeowner, you likely have more equity in your house than you realize. The numbers in the map above reflect year-over-year growth. If you’ve been in your home for longer than a year, you’ll likely have even more equity than that. That equity can take you places. You can use the equity you’ve gained to fuel your next move, achieve other life goals, and more.