All time low in Mortgage rates for Kenai!

by Chris Druesedow January 7, 2015

Kenai’s mortgage interest rates have been so low for so long that there is the definite possibility that the real value they represent—for both Kenai home buyers and sellers—may now be being taken for granted. It’s only natural. If you believe that past history is the best predictor of future performance, last January’s common wisdom that mortgage interest rates in 2014 would head up to at least 5% or more wouldn’t have fazed you a bit. One quick glance at the squiggly lines on a chart showing either 30-year or 15-year fixed mortgage interest rates reveals a pronounced downward slope. Ever since mid-year 2007, it looks like a playground slide. It does level off at … Continue reading

Targeting, Uniqueness, Community Sell Kenai Real Estate Luxury Homes

by Chris Druesedow March 10, 2014
Kenai Real Estate, homes for sale

If you own a luxury home in Kenai Real Estate, this will be good to know: according to researchers at DataQuick, the number of homes sold at more than $1 million rose nationally by 37% in the first half of 2013. Last Friday, the Wall St. Journal headed its Mansion section with “the recovery in high-end real estate,” and Bloomberg reports that luxury home prices in the biggest four cities that had fallen nearly 46% during the downturn have now more than doubled. If the formerly-missing luxury home buyers have been buoyed by record-breaking Wall St. returns, it’s not surprising that they’re now ready to come out of hiding. For some owners of luxury homes … Continue reading

Getting a Kenai Real Estate Loan With a Retirement-Level Income

by Chris Druesedow March 7, 2014
kenai real estate, homes for sale

The ongoing housing recovery is being boosted by some older participants. Builders and developers in particular have found that catering to the 55+ segment of the market is good business. Many retired buyers in Kenai Real Estate looking to enter the resurgent market will be pleased to learn that getting a loan is still possible, even if their income isn’t all that it used to be. In addition to the Equal Credit Opportunity Act, intended to keep lenders from discriminating on the basis of age, last Saturday the Consumer Financial Protection Bureau (CFPB) issued a bulletin describing new tools which help Freddie Mac lenders evaluate properties—and new guidelines for disclosing that data to borrowers and … Continue reading

Slow & Steady Kenai Real Estate Home Prices Rise if U.S. Trend is Echoed

by Chris Druesedow March 6, 2014
Kenai Real Estate, homes for sale

As reflected in the near-record national rise in home prices, Kenai Real Estate homeowners as a whole had much to cheer about in 2013. According to the S&P Case-Shiller Index, home prices increased 13.6% from October 2012—and in fact, they’ve been improving at a faster annual rate in each month for almost two years! Every expert I researched agreed that this rate of increase won’t (and, for the health of the market, shouldn’t) continue at that gravity-defying pace in 2014. Most of them do predict higher interest rates with a slower (but steady) rise in home prices. Adding to the overall optimism is last week’s RealtyTrac report that showed foreclosure filings last year weighing in … Continue reading

A Deft Hand Needed for Kenai Real Estate Luxury Home Marketing

by Chris Druesedow March 5, 2014
Kenai Real Estate, homes for sale

If you own a luxury home in Kenai Real Estate, this will be good to know: according to researchers at DataQuick, the number of homes sold at more than $1 million rose nationally by 37% in the first half of 2013. Last Friday, the Wall St. Journal headed its Mansion section with “the recovery in high-end real estate,” and Bloomberg reports that luxury home prices in the biggest four cities that had fallen nearly 46% during the downturn have now more than doubled. If the formerly-missing luxury home buyers have been buoyed by record-breaking Wall St. returns, it’s not surprising that they’re now ready to come out of hiding. For some owners of luxury homes … Continue reading

Don’t Allow Time to Threaten Kenai Real Estate Property Values Gains

by Chris Druesedow March 4, 2014

When we read or hear that Kenai Real Estate property values continue to be on the rise, it’s a relief. No matter what else is going on, at least our real estate investment’s back on track! That comforting thought has a less reassuring sidebar, though, having to do with time and its effect on our investment. As every homeowner learns soon enough, regardless of the general trend toward rising property values in Kenai Real Estate, that’s only going to hold when the underlying investment—your home—is not allowed to deteriorate over time. Protecting gains in Kenai Real Estate property values by preventing the kinds of deterioration that time (and wear and tear) threaten to wreak doesn’t … Continue reading

Getting a Kenai Real Estate Loan Means Adapting to New Rules

by Chris Druesedow February 28, 2014
Kenai Real Estate, homes for sale

January presented us with major changes to mortgage lending rules. These new guidelines aim to curb some of the excesses that occurred during the sub-prime years—hopefully resulting in a lower risk of default and foreclosure by borrowers and a healthier real estate climate for everyone. QM: “Qualified Mortgage” This all came about as one offshoot of the Dodd-Frank legislation that went into effect in 2014. It creates a new category, “Qualified Mortgage.” Lending institutions are required to document each loan they deem to be a QM; when they do, they benefit by being able to sell them to Freddie Mae and Fannie Mac, and are protected from legal action in the event of a future … Continue reading

Five Indications That Time is Ripe to Buy a Kenai Real Estate Home

by Chris Druesedow February 27, 2014
Kenai Real Estate, homes for sale

Spring signals the traditional start of real estate’s busy selling season, and while that’s all well and fine, when it comes to making your own momentous personal real estate decision—whether to buy a home or to sell your own—trying to decide exactly when to make the move is easier said than done. It is true that this year national observers are unusually unanimous in expecting that last year’s sales upswing will continue. But if you are deciding whether now is the right time to buy a Kenai Real Estate home (or list yours for sale), the reasons behind the quickening sales activity might be an eye-opener. Here are five of the headline reasons why so … Continue reading

Winter: the Right Time to be Selling a Kenai Real Estate Home?

by Chris Druesedow February 26, 2014
Kenai Real Estate, homes for sale

Bears hibernate. Geese fly south. And Kenai Real Estate home buyers become different people in the winter. During spring and summer months, the competition, speed and market saturation can make selling a home in Kenai Real Estate an intense experience (in extremes, almost like speed dating!) When the selling season heats up, buyers can come flying through open houses in a veritable revolving door of showings. In the winter, selling a Kenai Real Estate home is a far more intimate exercise. To make the most of the next few months, it’s useful to recognize some of the hallmarks: 1. Buyers: They Expect a Deal For whatever reason—blame HGTV or the rumor mill—many buyers have come … Continue reading

Home Prices in Kenai Real Estate Subject to Unexpected Factors

by Chris Druesedow February 25, 2014
Kenai Real Estate

When it comes time to sell your home, you know most of the factors that determine Kenai Real Estate home prices. The number of bedrooms, condition of the yard, updating (or not) of the kitchen and bathrooms: they all influence final home prices in Alaska Real Estate. But what are some of the lesser-known factors that can drive up Kenai Real Estate home prices? Some of them are truly surprising— The words “Boulevard” or “Avenue” sound somewhat more prestigious than the humble “Street,” so you may not be totally surprised to learn that home sales for properties with these address suffixes are higher. According to a massive (10,000 sales) Trulia study, houses located on a … Continue reading

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