2010 continued to be a tempestuous climate for the real estate market, as April home sales increased dramatically, while median Oahu housing prices slipped. These developments were chronicled in both the Honolulu Advertiser as well as the Star Bulletin this Friday. Though mixed opinions can be drawn from such data, the rise in home sales as outlined by [...]
Continue reading...10. April 2010
The impending end of the Federal Government’s tax credit for first time homebuyers has created a stir of activity amongst the mainstream Hawaiian media. Surely, the end of this government intervention will have consequences as well as will provide us with a better picture of the market as a whole. Yet, varying opinions have been portrayed [...]
Continue reading...8. April 2010
The Honolulu Advertiser is reporting a plausible spike in home values in the next several years. Though the purported increase will not take effect until 2012 at the earliest, real estate experts do not advocate procrastination in market activity. Several factors, such as interest rates, credit availability, the depth of the foreclosure problem and growth in jobs and personal income [...]
Continue reading...7. April 2010
Scott Higashi, VP of sales for Prudential Locations, gives insight into what the Hawaii Real Estate market will be doing looking forward in 2010. Click on the Video to Play:
Continue reading...23. June 2010
We are constantly told by the media that the real estate market is in poor condition and is another symptom of an extraordinary financial collapse. It’s no secret that news organizations follow the “If it bleeds, it leads” mantra. They do so because people pay attention when they think they are in crisis. When is [...]
Continue reading...18. June 2010
Summer has barely begun but it looks like sales are already heating up for the busy summer season. The number of sales continues to be well above last year’s numbers, and this month, for the first time this year, we also saw the median price up for both single-family homes and condos. With increased market [...]
Continue reading...3. March 2010
Vote for Prudential Locations in Honolulu Advertiser’s “Best of the Best 2010″ Contest Click on the link below to register and place your vote. You’re allowed one vote a day so be sure to go every day. Voting ends this Saturday, 3/6. http://the.honoluluadvertiser.com/apps/bestofbest_dev2010.php Pass this on to you friends, family and clients. We want to be voted #1 this year!
Continue reading...16. June 2009
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 [...]
Continue reading...6. June 2009
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 [...]
Continue reading...4. June 2009
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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8. May 2010
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