Alaska's Housing Market - First Half of 2015

There's heightened interest in some of the state's broad economic measures recently as a result of low oil prices and state budget challenges. Through the first half of 2015, housing prices and other housing market indicators showed no major signs of weakness. The average sales price for a single-family home in Alaska increased 4 percent from the first half of 2014. But despite higher prices, housing affordability improved over that period. Statewide wages rose 3.5 percent, outpacing a 1.1 percent increase in inflation, and the average mortgage interest rate dropped a little over half a percentage point.