Anchorage, AK Federal Housing Finance Agency Home Price Index (FHFA HPI)

According to the Federal Housing Finance Agency house price index, home equity and home prices in Anchorage, AK, have increased significantly over the past few years. In 2017, the median home value in Anchorage was $335,000, which is an increase of nearly 8% from 2016. The median home value in Anchorage is now higher than it has been at any point since 2008.

The increase in home values can be attributed to a number of factors. First, the economy in Alaska has been strong in recent years. The state's unemployment rate is currently at 6.7%, which is below the national average of 4.4%. Additionally, wages in Alaska have been growing faster than the national average. In 2016, wages grew by 3% in Alaska while they only grew by 2% nationally.

Second, the population of Anchorage has been growing steadily for several years now. Between 2010 and 2016, the city's population increased by 5%. This growth has led to more people moving to Anchorage and competing for limited housing inventory, driving up prices.

Finally, low interest rates have also contributed to rising home values. Mortgage rates are currently near historic lows, making it cheaper for buyers to finance a purchase. This has helped to create more demand for homes and put upward pressure on prices.

Looking forward, it is unclear how long this trend will continue. However, as long as the economy remains strong and interest rates stay low, it is likely that home values will continue to rise across Anchorage