Alaska Economic Trends (May 2023)

Above: Ketchikan in 2009, by Flickr user Laura Sharkey. License.

Rob Kreiger, economist for the Alaska Department of Labor and Workforce Development, examines the state’s housing affordability in the feature article Housing Market Shifts in 2022. While mortgage rates have risen and now show signs of stability, price drops appear unlikely to occur — the good news — the market may continue leveling throughout 2023. Kreiger provides a detailed analysis of the numbers and factors contributing to the housing market trends.

The May edition also outlines 2022 personal income growth and an analysis of Alaska’s economy.

Read the full edition here.

Trends is a nonpartisan, data-driven magazine that covers a variety of economic topics in Alaska.

Source: Alaska Department of Labor & Workforce Development, Research & Analysis

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