According to an article in the Saturday edition of the Anchorage Daily News, real estate values are holding in Anchorage, despite sharp declines elsewhere in the nation. In fact, there's still something of a seller's market for homes priced below $500,000.
Local Realtors Clair and Barbara Ramsey compiled the data for the ADN. They note decreasing activity among sellers and builders as a factor in keeping our market balanced. We're fortunate to have not yet seen massive layoffs (it helps that our economy relies little on manufacturing) or foreclosures (loans up here having been mostly "non-creative").
As I've noted here before, values in the Mat-Su Valley (aka Palin country) and Fairbanks have fallen more sharply, but still not at the alarming rates seen elsewhere.
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