Real Estate 2010

MONEY Magazine: Latest forecasts and projections for the nation's largest metro areas.

9. Anchorage, AK

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.

See Anchorage on Money's Best Places to Live

Is this a good time to buy a home in Anchorage?

City stats^†
Population: (2006)	359,180
Median family income: (2008)	$77,700
Home price data
Median home price: (2009)	N/A
Affordability index: (Median home price/family income 2009)	N/A
Prices peaked in:	2007:Q2
Total climb during the boom: (2000 to peak)	72.4%
Total decline so far: (Peak through 2009)	-0.1%
One-year change: (Q4 2008 to Q4 2009)	-0.4%
Forecast
Additional price change to bottom:	N/A
When they'll hit bottom:	2009:Q3

*(Q1 2010 - Q1 2011)
† Data is for Anchorage, AK Metropolitan Statistical Area
Notes:
Median home prices are for single-family homes through the third quarter of 2009, the most recent data available, and include sales of bank-owned properties.
Sources: Fiserv and Moody's Economy.com

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