The Honolulu Star Bulletin recently reported that prominent local economist Paul Brewbaker has predicted a $1 million median home price for Oahu by the year 2020. This forecast comes amidst a second successive month of a rise in median home prices throughout the island. I think things are off and running again,” Brewbaker said yesterday after studying the most recent [...]
Continue reading...4. March 2010
The Honolulu Advertiser reports that the median sale price in February for homes on Oahu showed a significant increase with respect to the prior year’s market. This represents the second consecutive month in the short year in which the price has risen considerably. The median price for previously owned single-family homes was up 3.6 percent to $570,000 in February [...]
Continue reading...2. March 2010
Thursday’s Federal report on the condition of Oahu homes, highlighted by an article in the Honolulu Advertiser, shows signs of distinct improvement relative to the third quarter of 2009 . Though the market generally continued its decline in the fourth quarter of 2009 relative to 2008, there were indicators that the value of homes around the island [...]
Continue reading...26. February 2010
Prudential Locations recently came out with its monthly real estate report for January. A quick summary of their findings: The new year is off to a strong start in real estate sales. The current rolling three-month period saw a significant increase in the number of sales for both single-family homes (up 48.1%) and condominiums (up 68.2%) [...]
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:
Continue reading...3. June 2009
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 [...]
Continue reading...27. May 2009
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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5. March 2010
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