Thursday, September 17, 2009

August 2009 real estate sales surpassed every single month since June 2006, a just-released report from Alaska MLS, Inc. shows. There were 317 sales that went pending (not yet closed) in a month.

The $8000 tax credit boosted market activity. There is also a feeling of optimism among home buyers and sellers. The Alaska economy and job markets are stable. There are 516 more children than expected in the Anchorage school system, necessitating 53 new hires,

Nationwide there are signs of economic stabilization. The risk of further declines, or disastrous setbacks, seems lower than continued recovery. People now talk about how quickly or slowly we will get well in our economic lives; and less about how maybe life as we know it might be coming to an end.

Even the cash for clunkers car program may have played a role in inspiring Anchorage's property sales. All these stimulous measures seem to breeding a sense that it's OK to invest money in property, historically something safe and sound over the long term.

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1 comment:

Dan Statlander said...

Nice post.

Dan Statlander
(Real estate experts in Boca Raton Florida)