56% Of Agents Surveyed in Alaska Think Consumer Interest in Purchasing a Home is Increasing
(March 16, 2010) – If you want to know something about Alaska real estate, ask a Realtor®. Homes & Land of Greater Alaska, a provider of real estate media and marketing, recently launched Market Pulse, a survey aimed at developing a clear view of regional markets. The national, state, and county results are published in the Market Pulse Survey Report. Overall, optimism in Alaska is improving with 56% of agents reporting an increase in homebuyer interest.
When asked if President Obama’s Home Affordable Modification Program (HAMP) “has reduced the rate of foreclosures in your market,” only 14% of agents in Alaska said ‘yes’. Initial details about HAMP became available on March 4, 2009 with the promise of easing mortgages for at-risk homeowners. The plan makes available $75 billion in funding for up to four million homeowners, providing a modified interest rate and three months of a probationary period. For Alaska, 483 active trials are currently underway and 56 permanent modifications have been made (as of January 2010).
When asked, “How would you describe consumer interest in purchasing a home in your area over the past three months,” 56% of agents in Alaska said, “increasing.” In the top three states with the highest foreclosure rates, real estate agents who responded are seeing increased homebuyer interest - Arizona (71%), California (64%) and Florida (67%). In Alaska, only 2% of agents reported that the majority (50% or more) of their sales over the last 12 months came from distressed properties. The national average for this question was 14 percent.
The Market Pulse Report, located at http://www.homesandland.com/marketpulse, provides insight on regional real estate trends and attitudes across the U.S. For more than 37 years, Realtors® have counted on Homes & Land to provide the most targeted distribution channels to reach active homebuyers. Log on 24-hours a day to find homes for sale, real estate listings, home valuations, and gain insight and perspective into the home sales market.