Wes Madden's Real Estate Blog

AK Delegation: F-35 Decision Will Trigger Economic Boom for Interior Alaska

WASHINGTON, D.C. – The Alaska Congressional Delegation applauded the Air Force’s publication of the final Environmental Impact Study (EIS) regarding the beddown of two squadrons of F-35s to be based at Eielson Air Force Base. Publication of the EIS is a necessary step toward a final Air Force decision on where to base the first F-35As in the Pacific Theatre. The study assesses whether the Air Force can locate the F-35 squadrons at Eielson, and a final “Record of Decision” will be announced in approximately 30 days.
The EIS contains data about the effects of the F-35 beddown at Eielson, including that it could bring up 54 new aircraft and 2,765 additional residents to Interior Alaska. Construction activity associated with the siting of the F-35A Joint Strike Fighter is expected to create a total of 2,339 new jobs and generate $453.4 million in economic output over the next four years.
The entire Environmental Impact Statement...

Misinformation About Buying A Home in Alaska Is Holding Back Would-Be Owners

With the rising costs of rent and mortgage rates that continue to dip below expected levels, dreams of homeownership are becoming quite commonplace for many renters in Alaska. However, many would-be buyers are holding back this year due to misinformation about what it takes to become a homeowner.

A new survey from Bankrate.com found that nearly half of all current renters say they haven't purchased a home yet because they don't think their credit score is high enough or they don't have enough money saved for a down payment

So what does it take? It's important to keep the following two factors in mind before you jump to conclusions about your ability to purchase a home in Alaska this year!

Credit ScoreAnother study from Fannie Mae recently...