Anchorage, Alaska's housing trifecta

What a growing population and shortage of new construction mean for today's buyers, renters

During the Great Recession when housing prices plummeted across the country and foreclosures sprouted like weeds on vacant lots, Anchorage, Alaska, was a port of calm in the storm.

There was a bit of a hit, as housing prices declined by about 15 percent, but that was early in the recession around 2007 and 2008.