On today's show I'm coming to you live from Anchorage Alaska. Based on the most recent data available, the rental vacancy rate in the Municipality of Anchorage was 4.6% in 2024. This indicates a relatively tight rental market, although it's a slight increase from some of the historically low rates seen in recent years.
The recent population decline can be linked to a long-running economic recession in Alaska, which began in 2015. This recession was largely a result of falling oil prices, which impacted state revenue and led to a slowdown in economic activity. As a result, Anchorage lost jobs and people, and its employment levels have yet to recover to pre-2015 peaks.
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