"Anchorage is easily the state’s largest urban center with nearly half of the state’s population. Housing sales have slowed like the over-whelming majority of the country, and Anchorage is projected by Housing Predictor to see deflation of 4.1% in 2008. The market boomed for a while, but not at double digit levels like in other areas of the nation."It's hard to find independent analysis of the Anchorage housing market, but I did come across this. Thank god I am renting.