Home price forecast (1 year):* 3.8%
Alaska's biggest city has experienced population growth in the double digits, sometimes triple digits, for decades and, hemmed in by mountains and sea, Anchorage has limited space to grow.
The city managed, just barely, to stay mostly on the positive side of the home-price trend for the past three years, according to Fiserv and Moody's Economy.com. Anchorage should sustain increases as job losses have not affected the area as much as the average U.S. city. The unemployment rate was just 7.7% in December.
Is this a good time to buy a home in Anchorage?