Alaska Real Estate: Bubbleville vs. Bargaintown
from the Real Estate Investment Help Center
Spotlight on State of Alaska Real Estate
The most overvalued real estate markets in the United States, I affectionately call Bubbleville, recorded much higher price increases during the first quarter of 2006 than the least overvalued markets, I term as Bargaintown. This is according to a recent 2006 survey conducted by National City Corp, one of the nation's top 10 mortgage lenders and Global Insight, a financial information provider.
The report surveyed the largest 317 U.S. real estate markets. It determined what home prices should be, controlling for differences in population density, relative income levels, interest rates, and historically observed market premiums or discounts.
Markets with valuation premiums above 34% were judged to be severely overpriced and at risk for price corrections. Overall, 39% of the 317 markets surveyed were judged to be severely overvalued. That's up from 36% of the markets in the Q4 2005.
How did Alaska Real Estate Home Prices Measure Up?
Two cities in the state of Alaska made the list where the home prices are overvalued. Take a look:
| Alaska City Name | Percent Overvalued Q1 2006 |
| Anchorage Fairbanks |
22% 11% |
As this survey illustrates, you must be very selective about your real estate investments. Follow my 4-step recipe for success…
Be smart about real estate investing by following the 4-step recipe:
- Buy discount real estate property - foreclosures, pre-foreclosures, tax sales, real estate auctions, real estate repos and other distressed-seller opportunities.
- Consider commercial real estate investments - apartment buildings, retail centers, storage unit facilities, office buildings. I have provided you with an awesome commercial loan resource at my website to buy these properties with as little as 10% down (even 5% down on certain property types).
- Buy in Bargainville - the next hot emerging real estate markets across the country.
- Get a mentor. Learn from real estate investing experts who have already done this successfully. There are a number of them featured in the Real Estate Investing Guide Section of my website.
Technorati Tags: real estate, real estate investing, money, finance, alaska, alaska real estate, anchorage alaska, fairbanks alaska
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