Anchorage, Alaska's housing trifecta

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

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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.