Is the national housing crisis really a crisis? Dennis Kneale recently addressed the issue on CNBC.His message took on a positive spin regarding the real estate market. He demonstrated in the video that the housing crisis is really only a crisis at a micro level.  Here in Alaska we are fortunate; our current foreclosure rate is less than 1%.  We haven't been hit hard at all, but then we took our hits in the late 1980's.  Our future economic growth looks positive.  Tourism, oil revenues, a new prison, growth in the military, low interest rates, more retail store growth and job growth for starters.  While job growth slowed in 2007, it's still growing and I expect our employment growth rate to be between 2-3% this year.  This should help our struggling real estate market recover more quickly.  So while we haven't seen much sun this summer in Alaska, I think I am starting to see at least partly sunny skies in the future of our residential real estate market, and that's good news for everyone. Check out our Best Buy List if you are looking for a home or an investment property.  There's no sense driving around to look at property with gas prices over $4.41 per gallon.  You can see every listing in Alaska on my web site.  Interest rates are lower than ever----It's a great time to buy in 2008. Kristan