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May 2009 Hawaii Real Estate Stats: Sales Up Again, Inventory Down

2. June 2009

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May 2009 Hawaii Real Estate Stats: Sales Up Again, Inventory Down

Attached please find the May 2009 Honolulu Board Of Realtors Stats for May, 2009. There is a lot of good news here for Hawaii real estate. The good news will be clear to see for anyone - except the media who is still comparing everything to last year. If you look at [...]

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1st Quarter 2009 Hawaii Real Estate Trends

25. April 2009

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1st Quarter 2009 Hawaii Real Estate Trends

First Quarter 2009 ended with fewer sales compared to the same period in 2008. Single-family home sales dropped 34.2% to 432 sales and condominium sales dropped 45.9% to 549 sales. For Oahu overall, the single-family median price dropped 8.3% to $567,500 and the condominium median price dropped 8.5% to $300,000. SINGLE FAMILY HOMES ON OAHU OAHU CONDOMINIUMS

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Another Reason Hawaii is Unique: Federal and Military Spending

15. April 2009

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Another Reason Hawaii is Unique: Federal and Military Spending

This article from the Advertiser, titled “Federal impact on Hawaii big, rising shows one of the reasons why Hawaii is a unique market and rarely follows mainland trends. One of the biggest reasons for this is Government, and specifically Military, spending. As you can see, government spending in Hawaii is immense. “The federal government spent $10,957 per [...]

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NOT Hawaii: “US home price drops set records in January”

31. March 2009

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NOT Hawaii: “US home price drops set records in January”

The Honolulu Advertiser ran a real estate story today from USA Today : US home price drops set records in January It has nothing to do with Hawaii real estate. As we have discussed before, the Standard & Poor’s/Case-Shiller Index contains no Hawaii data - none, zero, zip, nada, nyet, nothing, no kine at all. Therefore, [...]

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16. June 2009

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Hawaii Ranked 15th for Highest Number of Foreclosure Filings

Hawaii Ranked 15th for Highest Number of Foreclosure Filings

Due to a steady rise in Hawaiian foreclosure filings as stated by a June 11th honoluluadvertiser.com posting, Hawaii ranked 15th among the 50 states for the highest number of foreclosure filings per household last month. These numbers come from a recent RealtyTrac report, ranking the states based upon foreclosure filings. There were 816 foreclosure filings within [...]

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6. June 2009

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Mortgage rates have risen above 5%, Probably Won’t Go That Low Again

Mortgage rates have risen above 5%, Probably Won’t Go That Low Again

According to a May 29th, 2009 article posted by CNNMoney.com, Both mortgage and interest rates have risen above 5% and will remain there for sometime. This past week mortgage rates peaked at 5.45%, which is the highest recorded rate for this year. The reason for the increase in rates has been linked to the great deal [...]

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4. June 2009

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$8000 First Time Home Buyer Tax Credit Explained in Video - Do You Qualify?

$8000 First Time Home Buyer Tax Credit Explained in Video - Do You Qualify?

The National Association of Home Builders put out a great video explaining $8000 first time home buyer tax credit.   Do you qualify?   Click play on the video to watch:

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3. June 2009

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RealtyTrac Claims Foreclosures Have Risen 217%. Debatable.

RealtyTrac Claims Foreclosures Have Risen 217%. Debatable.

According to an article from a Wednesday, May 13th posting to honoluluadvertiser.com, Isle Foreclosures rose 217% in April. Andrew Gomes states that while Hawaii’s foreclosure rates have risen, they are well below the national average of one filling per 374 households.   While there has been an overall consensus from local economists and foreclosure attorneys that foreclosures [...]

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27. May 2009

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New! Hawaii Foreclosure and Short Sale Listings

New! Hawaii Foreclosure and Short Sale Listings

Prudential Locations just add the ability to search foreclosures as well as short sale listings to it’s power search page. There is also now an islandwide list of Hawaii foreclosures available on the website (for Oahu), listing all the properties that are in the MLS. These foreclosure properties are REO’s and [...]

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25. April 2009

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Hawaii Real Estate Reporter on ALLTOP.COM

Our very own Hawaii Real Estate Reporter has been included on ALLTOP.COM, the online magazine rack style website. It can be found at http://hawaii.alltop.com/ and http://real-estate.alltop.com . Thanks to “Neenz” Faleafine for adding it there!

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