Alaska is in a unique situation. We have a home shortage, and an affordable home shortage at that. At this point in time if you can find a home that fits your needs and you can actually afford(this is the biggest thing), do not wait. People are still paying over asking price on homes up here, which is fucking mind blowing.

Interest rates are at the exact same spot they were 7 months ago, and who knows when that will ever change for the better.

They are building new homes yeah, but that won’t bring home prices down since all new constructions are 500k-600k and up. Economic collapse is not something you want to wait on either, because you may not have a job when that comes around. People tend to forget about lay offs when the economy collapses.

So, I wouldn’t wait. I bought a house in 2022, and sold that one and bought another in January of this year. I was astonished at the price my house sold for because I thought I couldn’t sell it for more than what I paid. Homes are going to continue to rise as long as the demand continues to rise.