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by CareyBot

Alaska's home ownership rate reached an all-time high of 70 percent in 2003, surpassing the national rate of 68.3 percent, according to the latest U.S. Census data. Alaska's home ownership rate was higher than the nation's once previously in 1997. The Census data show Alaska experienced a 13.4 percent increase in home ownership over the previous 10 years, the highest of any state in the nation. "Low interest rates have had a profound effect on purchases," said Alaska Housing Finance Corp. CEO/Executive Director Dan Fauske, "and our new programs, including a first-time home buyer program without income or acquisition-cost restrictions and a teachers and nurses housing loan program that provides 100 percent financing, have encouraged many renters to purchase their first home." The aver...