Connect with us

Alaska

Alaska’s median rent pegged at $1,276

Published

on

Alaska’s median rent pegged at ,276


Juneau, Alaska (KINY) – Leases in Alaska and why charges are rising was the subject of an article within the September Version of Alaska Financial Tendencies.

Alaska’s survey-wide median adjusted hire was $1,276 in March, an 8 p.c enhance from the earlier 12 months.

Tendencies is ready by the Alaska Division of Labor, and Economist Rob Krieger spoke to the piece whereas a visitor on Motion Line.

“We predict that low emptiness charges are form of driving the upper rents, and the components that we form of assume are making their method into the market need to do with that type of regular churn that occurs inside the rental market. Vacant models changing into out there, folks shifting, extra folks shifting in that type of churn, and I feel the components that we’re seeing are form of like throttling again on that standard churn cycle,” he mentioned. “We all know that dwelling costs are form of at file excessive ranges. We all know that stock is low. Rates of interest are nonetheless pretty low, although, most likely going to have a reasonably large leap right here fairly quickly, however rates of interest are nonetheless low, issues are nonetheless inexpensive, however there’s simply not rather a lot on the market.

Advertisement

“So even for individuals who have the monetary means to purchase a home proper now actually need one, likelihood is, they’re simply not capable of finding one thing, they’re renting, they are going to be renting for longer now, and that is going to form of have an effect on the variety of models that turn out to be out there.”

Sitka hire topped the listing at $1,349 and Wrangell-Petersburg was the least costly at $929.

“That is commonplace for Sitka. Juneau is extra like in the midst of the pack this 12 months, each rental sensible, value sensible, and emptiness charges. I feel value has elevated about 1.2%. in Juneau, with emptiness charges, barely beneath that for this survey at round 3.6%. So nothing actually a lot taking place, just about establishment I’d say over the earlier 12 months. Ketchikan was a bit of odd and that emptiness charges nonetheless continued to drop, and I feel rents truly got here down a bit too.”

In the meantime, rents in Anchorage and the Fairbanks North Star Borough exceeded $1,300, whereas rents within the Kenai Peninsula and Matanuska-Susitna boroughs had been lower than $1,100.

Rental Affordability relies on the typical month-to-month wage wanted to cowl hire, affordability would imply spending not more than 30% of 1’s gross earnings on housing prices.

Advertisement

“Sitka for instance had a price of about 31% that means that individuals are paying extra p.c of their earnings on hire. Does that imply that everyone in Sitka is paying greater than that? No, however that basically simply tells you that Sitka is costlier than different locations. Anchorage is fascinating as a result of it is despite the fact that that rents they’re among the many highest within the survey, wages are additionally increased there. So if you take a look at the share that individuals on common spend on their earnings spent on their hire, it finally ends up being about 25%, which is comparatively inexpensive in comparison with different locations.”

As well as, utilizing knowledge from AirDNA, a short-term rental analytics agency, had proven that listings on websites for Anchorage, Mat-Su, Kenai, Fairbanks, Juneau, Kodiak, and Sitka had been considerably increased through the second quarter of 2022 than earlier than the pandemic.



Source link

Advertisement

Alaska

OPINION: CDQ program and pollock fishery are essential to Western Alaska

Published

on

OPINION: CDQ program and pollock fishery are essential to Western Alaska


By Eric Deakin, Ragnar Alstrom and Michael Link

Updated: 1 hour ago Published: 1 hour ago

We work every day to support Alaska’s rural communities through the Community Development Quota (CDQ) program and have seen firsthand the lifeline the program provides to our state’s most isolated and economically vulnerable areas.

Advertisement

This program is one of the most successful social justice programs in the United States, giving rural, coastal communities a stake in the success of the Bering Sea fisheries, and transferring these benefits into community investments. Our fisheries participation provides $80 million to $100 million of programs, wages and benefits into Western Alaska annually, and the full economic reach of the CDQ program is substantially larger when accounting for jobs and support services statewide.

In some communities, CDQs are the largest and only private-sector employer; the only market for small-boat fishermen; the only nonfederal funding available for critical infrastructure projects; and an essential program provider for local subsistence and commercial fishing access. There is no replacement for the CDQ program, and harm to it would come at a severe cost. As one resident framed it, CDQ is to Western Alaska communities, what oil is to Alaska.

Consistent with their statutory mandate, CDQ groups have increased their fisheries investments, and their 65 member communities are now major players in the Bering Sea. The foundation of the program is the Bering Sea pollock fishery, 30% of which is owned by CDQ groups. We invest in pollock because it remains one of the most sustainably managed fisheries in the world, backed by rigorous science, with independent observers on every vessel, ensuring that bycatch is carefully monitored and minimized.

We also invest in pollock because the industry is committed to constantly improving and responding to new challenges. We understand the impact that salmon collapses are having on culture and food security in Western Alaska communities. Working with industry partners, we have reduced chinook bycatch to historically low levels and achieved more than an 80% reduction in chum bycatch over the past three years. This is a clear demonstration that CDQ groups and industry are taking the dire salmon situation seriously, despite science that shows bycatch reductions will have very minimal, if any, positive impact on subsistence access.

The effects of recent warm summers on the Bering Sea ecosystem have been well documented by science. This has caused some species to prosper, like sablefish and Bristol Bay sockeye salmon, while others have been negatively impacted, including several species of crab and salmon. Adding to these challenges is the unregulated and growing hatchery production of chum salmon in Russia and Asia, which is competing for limited resources in the Bering Sea, and increasing management challenges.

Advertisement

Attributing the current salmon crises to this fishery is misguided and could cause unnecessary harm to CDQ communities. Without the pollock fishery, we would see dramatic increases in the cost of food, fuel and other goods that are shipped to rural Alaska. We would also see the collapse of the CDQ program and all that it provides, including a wide array of projects and jobs that help keep families fed and children in school.

The challenges Alaska faces are significant, and to address them we need to collectively work together to mitigate the impacts of warming oceans on our fisheries, build resiliency in our communities and fishery management, and continue to improve practices to minimize fishing impacts. We must also recognize the vital need for the types of community investments and job opportunities that the CDQ program creates for Western Alaska and ensure these benefits are considered when talking about the Bering Sea pollock fishery.

Eric Deakin is chief executive officer of the Coastal Villages Region Fund.

Ragnar Alstrom is executive director of the Yukon Delta Fisheries Development Association.

Michael Link is president and CEO of Bristol Bay Economic Development Corp.

Advertisement

The views expressed here are the writer’s and are not necessarily endorsed by the Anchorage Daily News, which welcomes a broad range of viewpoints. To submit a piece for consideration, email commentary(at)adn.com. Send submissions shorter than 200 words to letters@adn.com or click here to submit via any web browser. Read our full guidelines for letters and commentaries here.





Source link

Continue Reading

Alaska

‘Drag racing for dogs:’ Anchorage canines gather for the ‘Great Alaska Barkout’

Published

on

‘Drag racing for dogs:’ Anchorage canines gather for the ‘Great Alaska Barkout’


ANCHORAGE, Alaska (KTUU) – Alaska’s first “flyball” league held its annual “Great Alaska Barkout Flyball Tournament” on Saturday in midtown at Alyeska Canine Trainers.

Flyball is a fast-paced sport in which relay teams of four dogs and their handlers compete to cross the finish line first while carrying a tennis ball launched from a spring loaded box. Saturday’s tournament was one of several throughout the year held by “Dogs Gone Wild,” which started in 2004 as Alaska’s first flyball league.

“We have here in Alaska, we’ve got, I think it’s about 6 tournaments per year,” said competitor and handler Maija Doggett. “So you know every other month or so there will be a tournament hosted. Most of them are hosted right here at Alyeska Canine Trainers.”

See a spelling or grammar error? Report it to web@ktuu.com

Advertisement



Source link

Continue Reading

Alaska

State of Alaska will defend its right to facilitate oil and gas development

Published

on

State of Alaska will defend its right to facilitate oil and gas development


Last week, Superior Court Judge Andrew Guidi indicated he will rule that Alaska does not have authority to permit access across its lands to facilitate oil and gas development on the North Slope.

The Alaska Dept. of Natural Resources plans to fight and appeal any final adverse ruling that undermines the state’s constitutional interests in resource development.

The Department of Natural Resources has issued a permit allowing Oil Search Alaska (OSA) to cross the Kuparuk River Unit, operated by Conoco Phillips Alaska, to develop the Pikka Unit. As described in the State’s brief to the court, “the denial of such access implicates the delay of development of millions of barrels of oil and billions of dollars of public revenues.”

Advertisement

“The State of Alaska has a constitutional obligation to maximize the development of our resources,” DNR Commissioner John Boyle said on Nov. 22. “We have to confirm with the Supreme Court that we have the authority to permit access for all developers to ensure we can meet this obligation.”

Once the Superior Court issues the final judgement, Alaska will be able to file its appeal. This is expected to occur in the coming weeks.

Click here to support the Alaska Watchman.

Advertisement



Source link

Continue Reading

Trending