Anchorage Real Estate News & Listings Presented By Prudential Jack White

12270 Silver Spruce Circle, Anchorage 99516

Sun, 06 Nov 2011 16:38:43 GMT

Imagine yourself entertaining in the Gorgeous Chefs Kitchen with maple cabinets, granite counter tops 5 burner stainless stove Upgraded lighting, doors & trim. Spacious Master suite with coffered ceilings, upgraded tile bath and of course a walk in closet. Extensive decking & fenced yard located in cul-de-sac and backs to greenbelt for maximum privacy. Its a wonderful place to call home.

Anchorage Housing Inventory Declines for Winter

Sun, 23 Oct 2011 23:00:00 GMT

Buyers have fewer homes to choose from, going into winter. The inventory of homes for sale in Anchorage is generally highest during June, July or August, this year buyers in the Anchorage Bowl had 1,170 homes to choose from at the peak of Anchorages inventory. Today there are 989 homes to choose form. December and January, the number of homes are expected drop to 600 to 700.

Likewise the number of home sales drop during the winter months, At the peak of the summer MLS reported 265 home sales in August. Last year in January 2010, Anchorage had the lowest reported sales ever at 93, this was the lowest in decades. The number of sold homes during the slower winter months tends to be between 100 & 150.

Is now a good time to sell? Yes. The number of sales is down during the winter, so there is less competition out there, this means there are less homes for a buyer to choose from. The number of homes that sell any given month seem to stay between 18% and 21%. The buyers that are out shopping in the winter tend to be more serious. As always the best priced homes in the best condition are the ones that sell.

Is now a good time to Buy? Yes. Interest rates continue to remain at historic lows. Although inventory is down. The sellers that keep their homes on the market past the peak selling season tend to be more serious, they are not "just testing the waters". They have a need to sell.

6842 Tamir Avenue, Anchorage 99504

Thu, 29 Sep 2011 15:38:30 GMT

DRASTIC PRICE REDUCTION! Beautiful kitchen remodel! New Paint! Imagine yourself in this spacious 3 bedroom home features new laminate flooring downstairs, skylight, newly remodeled baths, kitchen pantry, balcony, RV parking and garage back yd has southern exposure conveniently located on the east side, near military bases in a Kid friendly, neighborhood. No Dues. No HOA

8101 Peck Avenue #L-80, Anchorage 99504

Sun, 17 Jul 2011 15:39:08 GMT

Beautiful townhouse-style condo, with a cozy fireplace. Enjoy the nice wooded feel of the south-facing balcony set among trees. Freshly painted with upgraded carpet throughout. Oversize one car garage, with workbench and shelving, great for storage or small shop area RV lot Just minutes from the military gates and shopping @ new Tikahtnu Mall! Dues include cable TV.100%financing see document Tab

1711 Russian Jack Drive #B-1, Anchorage 99508

Wed, 13 Jul 2011 15:39:35 GMT

Affordable, end unit, Town House style condo with huge master bedroom. Deck off kitchen takes you to a shared, fenced back yard. NEW CARPETING! Close to Russian Jack park, skiing and bike trails. Dues include cable. This condo is on all the approval lists, FHA,VA, AHFC and conv.

6720 Hunt Avenue, Anchorage 99504

Thu, 02 Jun 2011 15:38:36 GMT

Skylights make this home bright and cheery, this home is a must see and truly shows pride of ownership, great deck off kitchen extends down to the back yard, makes it perfect for entertaining and summer parties. Family room downstairs has wet bar. Lots of remodeling, newer carpet and interior paint,large fenced bk yard with alley access and double gates to park toys. Minutes from military bases.

244 Olympic Mountain Loop #311S, Girdwood 99587

Wed, 13 Apr 2011 15:39:22 GMT

Location and affordability! Ski to your door! Totally remodeled unit, at the base of Mt Alyeska, Alaska???s premier ski resort. Come home after a hard day of skiing and enjoy a cozy fire or a nice warm sauna. Catch some rays on the sunny south facing deck. Located across from Jack Sprat, The Bake Shop and the Stizmark. What a great getaway winter and Summer! Make it you own!

1911 Early View Drive, Anchorage 99504

Fri, 08 Apr 2011 15:39:29 GMT

View unobstructed mountains, small creek, wildlife, gorgeous sunrises and the vast wilderness right out side your back yard and views! Rooms in home are very spacious, large entry way, kitchen has pantry.Relax by the cozy rock fireplace. South facing windows make this bright and cheery Convenient east side location minutes from the military bases.

Free Money

Sun, 21 Nov 2010 20:47:00 GMT

Alaska Housing

Home Energy Rebate Program

The Home Energy Rebate Program for existing homes will rebate up to $10,000 to a homeowner, who improves the energy efficiency of his or her home. A qualified homeowner must improve the energy efficiency of the home at least 1 step using the energy rating system described below in Energy Rating and Rating Points.

The homeowner must be the year-round occupant of the upgraded home and submit the rebate application and required documents within eighteen months of the date on the As-Is rating. Each family and property is eligible for one rebate only. The person to whom the rebate is paid will be required to submit a Social Security number, and the amount of the rebate will be reported to the United States Internal Revenue Service. An IRS Form 1099 will be mailed to the homeowner at the end of the year in which the homeowner received the rebate.

For more information: http://www.ahfc.state.ak.us/iceimages/energy/her_program_guidelines.pdf

7100 E Chester Heights Cir, Anchorage 99504

Tue, 07 Sep 2010 22:47:21 GMT

Well maintained home on cul-de-sac sits on a large well treed lot, features vaulted ceilings living room and family room, fireplace, wood burning stove You?ll love the private master bedroom with walk in closet jetted tub and separate shower. The 4* plusenergy rating make this home affordable to own. New Roof, furnace and stainless steel kitchen appliances.

#3, Anchorage 99518

Sun, 21 Mar 2010 16:06:54 GMT

Lots of upgrades, updated Island kitchen, laminate flooring, tile bath rooms. Plenty of space in this 2 bed 1 full bath and 2 half bath condo has huge downstairs (ground level) flex space could be nice master bedroom or huge hobby room, has private entrance. View Campbell Creek from you decks and balcony, located across from Campbell Creek Park. Fenced back yard.

First Time Home Buyer Tax Credit Extended

Thu, 05 Nov 2009 23:00:00 GMT

It is finally official. The homebuyers' tax credit has been extended to April 30, 2010.

President Barack Obama approved the extension as part of a $24 billion economic stimulus bill signed Friday. The bill also includes an extension of unemployment benefits to the longtime jobless and tax credits for some businesses.

The housing tax credit portion of the bill extends the $8,000 tax credit for home buyers who are purchasing their first home from the current November 30 deadline and expands the program to offer a credit of $6,500 to other homeowners who have lived in their current home for at least five years and are seeking to relocate.

Another modification to the original legislation raises the income limits for program participation from $75,000 for a single purchaser to $125,000 and from $125,000 to $225,000 for a couple. There are also credits available on a diminishing basis above those income limits.

The bill was passed by the Senate on Wednesday evening and by the House on Thursday. Both bodies acted in a bipartisan manner which has seldom been seen this year. The Senate passage was unanimous; the House voted 403 to 12 for the bill.

Anchorage Listed in Top 10 Housing Markets

Fri, 26 Jun 2009 23:00:00 GMT

Anchorage, Alaska Listed in Top 10 Housing Markets

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).

So if you're considering purchasing a home in Anchorage, now might just be a great time to do so. A healthy local economy, excellent projections for appreciation, low interest rates, and the $8000 tax credit (for first-time home buyers) are strong motivators available right now that many buyers are taking advantage of.

If you would like to learn more about the local real estate market, or get started house-hunting, please give me a call today and I'll be happy to assist you. (907) 230-0099 Cecelia@CeceliaNims.com

First Time Home Buyer Tax Credit

Tue, 05 May 2009 16:03:00 GMT

Spring home buyers can claim a special tax credit worth up to $8,000. The American Recovery and Reinvestment Act offers qualifying homebuyers a tax credit equal to 10 percent of a home's purchase price, up to a maximum of $8,000. The tax credit is offered to first time homebuyers, and those who have not owned a principle residence in the past three years. To be eligible for the tax credit, the home purchase must be recorded between January 1 through December 1, 2009.

The full tax credit is offered to buyers with reported income up to $75,000, or $150,000 for married couples filing a joint return. Partial tax credits are available to for those with income levels up to $95,000, or $170,000 for those filing jointly. Contact us today for more details on this exciting program

Should I Buy a Home Now?

Thu, 23 Apr 2009 13:26:00 GMT

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.