Credit Score Overhaul to Affect Kenai Real Estate Mortgage Outlook

by Chris Druesedow August 19, 2014
Kenai Real Estate

For any Kenai Real Estate resident who has ever been stymied by seemingly arbitrary (or, put another way, nutty) lowering of his or her all-important credit score, next month’s beginning rollout of Fair Isaac’s new credit score model should be welcome news. It will be known as “FICO 9”—and promises to correct a few of the previous model’s inadequacies. Why now? It’s been six years since San Jose’s Fair Isaac Co. last tinkered with their credit score methodology. Hmmmm…it’s been six years, too since the financial crisis of 2007-08, which Wikipedia correctly describes as “a major global recession characterized by various systemic imbalances…including high levels of household debt…” You might expect that the accuracy of … Continue reading

Last Year’s Kenai Real Estate Investors: They’re Smiling Now!

by Chris Druesedow July 8, 2014
Nice Brick House On Shady Hill

Last year comprised a decision point for many a local investor who had been holding back from the Alaska Real Estate market. There’d been a number of good reasons for them to hesitate. First, there were memories of the pervasive price drops that followed the global financial meltdown. Not exactly what a prudent investor was looking for—even given the real estate’s traditionally invincible long-term record. Then there were fears that the economy’s slow reverse out of the Great Recession (a term that was in itself enough to freeze many a checkbook!) would hamper apartment and single family unit rental increases. A landlord could get squeezed by inflation…if there were any inflation…who could know for sure? … Continue reading

Off the Deck: Kenai Real Estate the New #1 Investment Choice

by Chris Druesedow June 3, 2014
Kenai Real Estate

For Alaska Real Estate investors (BTW, that includes homeowners and soon-to-be homeowners of all stripes), there’s some long wished-for news: the solid reputation of real estate as an investment is back! After years of falling off, the latest Gallup poll on the economy and personal finance finds that Americans are now convinced that their best long term investment is in the housing market. Real estate won out against all other alternatives: bonds, gold, stocks, mutual funds and CDs. For the past few years, gold had been investment #1—but see-sawing gold price movements have whiplashed public sentiment. Just as takes place everywhere in the nation, whenever Alaska Real Estate market improves, so does its reception by … Continue reading

Flattening Interest Rates Give Kenai Real Estate Homeowners an Opening

by Chris Druesedow June 3, 2014
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Alaska Real Estate homeowners who had been bracing themselves for sharp rises in mortgage interest rates must now be scratching their heads. As the online Mortgage News Daily put it last week, “…rates have been extraordinarily sideways, and right in line with the lowest levels in 11 months.” Since historical averages are still significantly higher, it’s no wonder that most observers still believe the greater likelihood is for rate increases. But recent Fed happenings show a crack in their avowed determination to let that happen by tapering off purchases of mortgage-backed securities. The hemming and hawing is notable. It’s all pretty much up in the air. In any case, one thing I can guarantee is … Continue reading

Perfect! Summer 2014 Should Be Prime Kenai Real Estate Open House Season

by Chris Druesedow May 27, 2014
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Estimates so far indicate that summer 2014 is likely to be a better than usual season for Alaska Real Estate home sales. The past winter threw a wet blanket over all kinds of business activity, creating a perfect scenario for a sales bounce back—and that’s exactly what is beginning to show up in the stats. As Bloomberg News reported last week, sales of homes “climbed in April for the first time in three months…the biggest in six months…” If you will be taking advantage of the uptick by listing your property for this summer’s market, having an open house in Real Estate Kenai is a prime way to attract prospective buyers. With a little focus … Continue reading

Kenai Real Estate: Reasons To Buy A House Rather Rent One

by Chris Druesedow May 23, 2014

Buying a house from Alaska Real Estate has a lot of advantages over renting one, such as financial freedom. Once you have invested in a house, you will not need to pay money over and over in terms of rent. Likewise, you can make changes to your house as per your wish. Read on. Although mortgage payments will take some time to finish, you will not need to pay rent as long as you live in the house. Once you have paid out mortgage payments, the house will be yours for good. In case of a rental house, on the other hand, you will need to keep paying rent until your leave the house. When … Continue reading

Your Kenai Real Estate Home is a Lemonade-Making Opportunity!

by Chris Druesedow May 21, 2014
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The sunny attitude that encourages entrepreneurs to look at a box of lemons and think ‘lemonade!’ is widely admired, and it does seem to be a viewpoint that successful people cultivate. For anyone who is determined to sell their Alaska Real Estate property—but only at a price the market is not yet willing to pay—well, the turn-lemons-into-lemonade situation is entirely apt. After all, smart investors are buying up and renting properties like yours quite deliberately because they realize that a Kenai Real Estate rental home is not just an asset that can appreciate over time, but one that can also produce income at the same time. Whatever your own reason for renting, when you put … Continue reading

Bitcoin Believers Give Kenai Real Estate Property Sellers a New Option

by Chris Druesedow May 20, 2014
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Would you be willing to sell your Alaska Real Estate property to a buyer who is offering virtual currency? In recent news, there has been an influx of people who are putting their homes up for sale in Bitcoins. It may be actually worthwhile to consider the upsides, because doing so opens up your Real Estate Kenai property to a vast new market (not to mention potentially garnering the attention of your local media and scads more traditional buyers who are in their audience). You may have read last December’s reports about the man who tried to sell his ranch-style home in New York for $799,000 worth of bitcoins. Another seller, a 22-year-old Canadian man, … Continue reading

A Kenai Real Estate Property Search Just Ain’t What It Used to Be!

by Chris Druesedow May 16, 2014
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A property search in Alaska Real Estate just ain’t what it used to be. Young adults grew up with computers, so to them the advent of the connected world—the Internet—brought fewer startling lifestyle changes than it did for their parents and grandparents. But for anyone who thought the emergence of the Web would be the most lifestyle-changing technical innovation to happen in our lifetimes: SURPRISE! Now the whole circus has gone mobile—migrated into phones and tablets and who-knows-what other kinds of devices—all bluetoothed and wirelessed everywhere! The Wired World brought information into our offices and homes (to the dismay of encyclopedia and dictionary salesmen everywhere); now the Wireless World brings information to wherever we are … Continue reading

Do Today’s Kenai Real Estate Home Prices Reflect Values…or Bubbles?

by Chris Druesedow May 15, 2014
Beautiful Vacation home

Over the past two years any upward movement in Alaska Real Estate home prices tended to raise a question in many local minds—a question that ends with the word ‘bubble.’ As with any commodity whose price is determined by a changeable mix of subjective public perception as well as supply and demand, when home prices head north, there is always the possibility that a ‘bubble’ could be inflating: an unsupportable rise that could suddenly plummet with a “pop!” Now comes some reassuring news on that score. According to a report from real estate website Trulia that covers this year’s first quarter, the national average of home prices looks to be 5% undervalued when measured by … Continue reading

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