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...1. April 2010
USA Today has recently reported that Federal Reserve Chairman Ben Bernanke will continue record low interest rates in order to avoid crippling the frail American economy. In his address to Congress this past Thursday, Bernanke confirmed speculation that these rates will continue, as well as affirming its implementation will remain intact until economic conditions dictate otherwise. This has special significance for the [...]
Continue reading...25. March 2010
The Honolulu Advertiser has reported the Washington D.C. based Center for Housing Policy has declared Honolulu as the second priciest rental housing market in the US. 2010 marks the second successive year in which our capitol has held this title. Though the statistics were based on 2009, they serve as an indicator for future trends. Fair market monthly rent [...]
Continue reading...18. March 2010
The Wall Street Journal recently ranked its ten top US locations to own a second home, listing Maui as its premiere locale. With stiff competition coming from landmark destinations such as The Hamptons, Palm Beach, and Park City; the gravity of Maui’s top ranking cannot be overemphasized. Consistently rated the “Best Island in the World” by travel [...]
Continue reading...12. March 2010
The Honolulu Star Bulletin reports that February marked the second consecutive month in which foreclosures in Hawaii have dropped. Though the number of foreclosed homes remains high, this news comes as yet another indication that the state’s housing market is stabilizing. RealtyTrac, an online foreclosure marketplace, reported today that there were 972 foreclosure filings in February, which [...]
Continue reading...11. March 2010
Hawaii News Now reports that median home prices in Honolulu have recovered well relative to the rest of the United States. With many of America’s sprawling cities still feeling the effects of a dramatic decline, the value of Hawaii’s housing market has been largely restored. The most recent Case-Schiller report on home prices in major cities showed that median [...]
Continue reading...5. March 2010
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 [...]
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8. May 2010
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