George Bernard Shaw once said, "If history repeats itself and the unexpected always happens, how incapable are we to learn from experience."
Anchorage has a pretty solid housing market. The number I like the best is inventory. The supply of homes is roughly about 4 months. In the $250K to $275K price range the inventory is just over 2 months, but homes priced over a million the inventory is 21 months. It is projected without builder activity, some price points could be under supplied. That means Anchorage real estate prices will increase at certain price points and may have an affect on the overall psychological demand.
With the experience of the early 80's though, banks and the State of Alaska have prepared themselves for rough times. The State and Anchorage Municipality may not be as prepared as they like though, based on recent news.
The tough part for Alaska will be those unexpected, maybe outside influences that we are not able to predict.
