The Glenda Feeken Team

Global Warming Alaska's Kenai Peninsula

I don't know how many times in the last two weeks I've heard people ask "Where is  global warming?" It has been a long spell of -34,-24,-33. This morning at -15 it felt balmy! Last night at 8 P.M. it was still about 9 above zero. It made walking the dogs a joy. The cold weather brings beautiful clear days and nights. The moon has been making for a brilliantly lighted wonderland with sparkling snow, ice crystals and soaring mountains across the inlet.

Believe it or not, houses are being shown and buyers are buying at these arctic temperatures. This is driven by great interest rates, good inventory and correctly priced properties.

FHA & VA rates 5%

Conventional 4.75% if you have a 740 credit score or higher and a good loan to value ratio.

2009 Kenai Alaska

We are four days in to the new year. If the last week 2008 and 4 days of 2009 are any indication of the year to come Real Estate will being fine on the Kenai. Transaction on 2 homes were put together and 1 is in negotiation, an 2 more have very interested lookers. I am sure part of this is due to the really great interest rates. Who is not excited when they see rates at 4.5 to 5.5%.  Hopefully they will stay in that range for a while.

The inventory of homes is normal for this time of year. We see very few foreclosures. That is a plus.

So if you are looking to buy or sell what are you waiting on?

Buyers interest rates are fabulous!

Sellers inventory is low!

IT IS TIME TO BUY OR SELL!

Here's to 2009

Well I am really glad to see 2008 gone. It was a sad year for me. My husband and business partner of 31 years passed away in early October.  He had a reoccurrence or maybe it was really never gone of oral cancer. No he was not a smoker or chewer. I know many other people found 2008 challenging as well. The stock market, the real estate market etc made for a tough year for many. So hopefully 2009 will be easier.

 

Real Estate on the Kenai Peninsula is doing great. Prices are not shooting upward, but are holding steady. Interest rates are wonderful, how can you not like 5%? The selection of properties for sale are good in most price ranges. What I see is a healthy real estate market for both buyers and sellers in 2009. I am looking forward to a very productive year in real estate on the Kenai Peninsula.