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If you've been considering buying a home this year but are hesitant over concerns of the possibility of depreciation, there's some good news you should be aware of.

U.S. News and World Report recently published an article ranking "The Top Ten Housing Markets for the Next 10 Years." The article is based upon Moody's Economy.com analysis of population and employment data as well industry and geographical trends.

The positive news for local buyers is that Anchorage, Alaska ranked Number 5 in the nation with a projected average appreciation rate of 3.8% for the next ten years. I'm attaching a copy of the article for you, which can be downloaded by clicking on this link above in the Downloads Section. Anchorage's housing market has remained extremely stable during the last few years, despite the woes facing housing markets in the Lower 48.

Our housing supply is also healthy; currently there is only a 5.64 month's supply of homes for sale. This means is that if no new houses came on the market, it would only take 5.64 months for the current inventory to sell out. A housing supply of 6 months is considered a balanced market (neither a seller's market nor a buyer's market).