Metropolitan Statistical Area (MSA):
Juneau, AK is a Metropolitan Statistical Area (MSA) comprising counties including Juneau City and Borough.
There are many factors influencing real estate trends in the Juneau, AK metropolitan statistical area (MSA). The most significant drivers of the market are population growth, job growth, and interest rates.
Population growth in the MSA has been strong in recent years, averaging 1.4% per year from 2010 to 2018. This has led to increased demand for housing, which has put upward pressure on prices. Job growth has also been strong in the MSA, averaging 2.9% per year from 2010 to 2018. This has helped to support population growth and also increased demand for housing. Interest rates have remained low by historical standards, which has made financing a purchase more affordable and helped to support price increases.
Looking forward, population and job growth are expected to continue in the MSA, which should support further increases in demand for housing. Interest rates are expected to rise modestly over the next few years but remain relatively low by historical standards. This will make financing a purchase more expensive but is not expected to have a significant impact on prices. Overall, it is expected that the real estate market in the MSA will continue to be strong in the coming years.