Soldotna Real Estate Trends For 2014

bigstock-Large-family-home-in-a-rural-a-42050413The Alaska real estate market has really changed over the past few years. All of the changes to the real estate market that resulted in up-turn are beginning to tail off. Government support and low interest rates are not going to be around to sustain the Alaska real estate market in 2014; instead there will be other trends that we can look forward. Forecasting the real estate markets in prominent cities like Kenai and Soldotna is always tricky. However, one thing you know for sure is that these 2014 trends with have a huge impact on both the Kenai real estate market and the Soldotna real estate market.
The Younger Generation is Entering the Real Estate Market Early
The recession during the last decade has really taken a toll on younger generations of home buyers entering the real estate market. Even with government supported programs and interest rates that were designed to make people buy, many young individuals remained cautious. However, the newest trend in Alaska real estate involves the younger generation relocating to this region to capitalize on job opportunities.
Job Growth Helps The Alaska Real Estate Market
It is no shock to hear that the real estate market is impacted by the job market. With job growth expanding throughout various regions of Alaska, the real estate market will also continue to grow. This will not be seen fully until the end of 2014, but an uptick in jobs will have an impact on the Soldotna real estate market.
Renting Will Fade
Renting is becoming more and more expensive throughout Alaska and this trend will carry through 2014. The price of renting has risen so high that buying a home is actually a better investment option for individuals looking for housing. As long as you plan to stay in Alaska for at least two years, you can really benefit from buying a home instead of paying the high cost of rent.
Housing Inventory Will Increase
In 2013 the Alaska real estate market was a seller’s market due to the high demand however, the inventory of homes for sale on the real estate Kenai market will increase and there will not be such an inventory shortage. This will have a huge impact of the price of homes and will cause the priced to fall slightly. This is just one of the real estate trends to keep your eye on for the New Year.

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Soldotna Real Estate Trends For 2014
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However, one thing you know for sure is that these 2014 trends with have a huge impact on both the Kenai real estate market and the Soldotna real estate market.
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Real Estate Websites by Cherie Young