Have we hit bottom in Anchorage, Ak?

It's a question that people ask often. In addition, it is normally followed by, "if not, when will we"?
Consider this- no one will know when we have hit bottom until we are moving back upward. You must follow the trend to see what is happening.
Something homebuyers should consider though, is the fact that interest rates are still historically low.
Prices in Anchorage for the most part are stable. We are not seeing huge decreases in property values like a lot of cities.
So, if you are waiting for the big price drop on that dream house, it could be offset by rising interest rates. A good rule of thumb is each 1% of interest rate is good for about $10,000 of the homes value. Interest rates are more likely to go up before you'll see that huge price drop. Again, that's a rule of thumb and each transaction has many variables to consider.