Ignore the National Housing Headlines. Alaska is Unique.
Alaskans aren’t like residents of the Lower 48. Our housing market isn’t either. So, when you read headlines about national housing trends, they don’t tell the story of what’s happening in Alaska.
Nationwide, economists predict the U.S. could be headed toward a recession in 2023. During an economic downturn, typically fewer people buy homes. Mortgage interest rates also rose in recent months. Traditionally, these factors cool off the housing market. But Alaska doesn’t follow national trends. Historically, Alaska’s housing and homebuilding markets are significantly off-cycle from the Lower 48.