Two newly constructed houses are visible from Westpark Drive in Anchorage’s Sand Lake neighborhood on Thursday, Dec. 29, 2022.
It’s an improvement from the frenzied pace seen in the pandemic’s first two years, when buyers faced nerve-wracking bidding wars and some homes sold almost immediately, for much higher than their asking price, they said.Real estate signs are placed outside of homes along Dry Creek Loop in Anchorage’s Sand Lake neighborhood on Thursday, Dec. 29, 2022.
But sales volume has slowed from last year and homes are beginning to sit on the market longer, for a month, he said. Also, for the first time in a few years, sellers are increasingly offering concessions on homes, such as providing help with closing costs or at times reducing the asking price, he said.Still, the impacts of the pandemic continue to ripple through the market, keeping pressure on home prices, realtors in Anchorage said.
D'Ette Owen photographed at Keller Williams Realty Alaska Group in Anchorage on Thursday, Dec. 29, 2022. Owen is interim team leader at Keller Williams Realty Alaska Group and president of Anchorage Board of Realtors. “It’s supply and demand, like it has always been, and our supply is extremely low,” said D’Ette Owen, president of the Anchorage Board of Realtors.
When is congress/the legislature gonna pass some legislation to help americans buy homes?