Alaska housing more stable than lower 48.

Author:Davidson, Paul
Position:ALASKA TRENDS
 
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The recent housing boom and bust has led to increased interest in housing prices for some Alaskans. Changes in prices for equivalent single family homes are provided by the Federal Housing Finance Agency using the Housing Price Index. The HPI tracks changes in transactions of conventional loans on single family houses under $625,500 by recording sales of the same and similar property. The data consists of the loans purchased or securitized by Fannie Mae and Freddie Mac.

This representative data can be used to see past trends (up to the previous quarter) in the United States housing market. The HPI aids in appraising housing markets, as well as helping people determine when a good time to buy or sell housing could be. The graph shows a correlation between changes in U.S. and Alaska housing prices using the HPI. The Alaska HPI shows a...

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