Real Estate

Alaskans faced 1,131 foreclosures in 2008. Although that was a 36 percent increase over 2007, Alaska's foreclosure rate of 0.88 percent was the third-lowest rate in the nation in 2008. Compared to Alaska's record 1988 high of 6,821 foreclosures and compared to the numbers now occurring in the rest of the nation, Alaska's housing market remains strong.
Because of high standards in lending practices and the absence of speculative buying and selling, Alaska is in an enviable position compared to the Lower 48, with a solid housing market and low foreclosure rate.

Source: Alaska Economic Trends, Then-Gov. Sarah Palin, March 2009