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Signs of Recovery Abound: Foreclosures Down for Second Straight Month
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...Hawaii Among Leaders in Real Estate Resurgence
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...Hawaii Economist Predicts $1 Million Median Home Prices in Decade to Come
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 [...]
Continue reading...Changing of the Tide: Median Home Price Rises for Second Consecutive Month
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...Reasons for Optimism: Oahu Housing Market Continues to Rebound as Home Prices Stabilize
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...January 2010 Hawaii Real Estate Snapshot
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...Oahu Home Sales and Prices – Year End Update for 2009
21. January 2010
While the number of home sales steadily increased through 2009, the year still ended with single-family home sales down slightly, 1.7% compared to 2008. Condominium sales were down further, 9.5%. Median price for both single-family and condominiums bottomed out during the first half of 2009 but closed the year at $580,000 for single-family homes and $320,000 [...]
Continue reading...Hawaii Ranked 15th for Highest Number of Foreclosure Filings
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...Mortgage rates have risen above 5%, Probably Won’t Go That Low Again
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...RealtyTrac Claims Foreclosures Have Risen 217%. Debatable.
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 [...]
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- 1st Quarter 2009 Hawaii Real Estate Trends
- New! Hawaii Foreclosure and Short Sale Listings
- May 2009 Hawaii Real Estate Stats: Sales Up Again, Inventory Down
- $8000 First Time Home Buyer Tax Credit Explained in Video - Do You Qualify?
- RealtyTrac Claims Foreclosures Have Risen 217%. Debatable.
- Mortgage rates have risen above 5%, Probably Won't Go That Low Again
- Hawaii Real Estate Reporter on ALLTOP.COM
- Hawaii Ranked 15th for Highest Number of Foreclosure Filings
- July 2009 Video Discussion: Has Real Estate Hit The bottom Yet?
- August 2009 Hawaii Housing Stats - Looking Good!
- Buyer beware of what waiting can cost (5)
- 12 Tips for Pricing Your House to Sell (5)
- State of Hawaii Real Estate Discussion Video Part 1 of 4: October 2008 (4)
- Foreclosures up: “Okay, on my word, everybody panic. Wait for it . . . wait for it . . . GO!” (3)
- Beware Hawaii Craigslist Real Estate Rental Scammers (3)
- Is the Glass Half Empty or Half Full? Newspapers Put Opposite Spins on Foreclosure Numbers (3)
- See How the Other Half lives: The Most Expensive Home For Sale on Oahu (3)
- Obama's $8000 Housing Credit For 1st Time Homebuyers (3)
- New Tourism From China Signals Future Investment in Hawaii Real Estate (2)
- Another Reason Hawaii is a Unique Market: #4 for Personal Income Growth (2)
- Signs of Recovery Abound: Foreclosures Down for Second Straight Month
- Hawaii Among Leaders in Real Estate Resurgence
- Hawaii Economist Predicts $1 Million Median Home Prices in Decade to Come
- Changing of the Tide: Median Home Price Rises for Second Consecutive Month
- Reasons for Optimism: Oahu Housing Market Continues to Rebound as Home Prices Stabilize
- January 2010 Hawaii Real Estate Snapshot
- Oahu Home Sales and Prices – Year End Update for 2009
- August 2009 Hawaii Housing Stats – Looking Good!
- May 2009 Hawaii Real Estate Stats: Sales Up Again, Inventory Down
- 1st Quarter 2009 Hawaii Real Estate Trends
Latest Videos
Bill Chee and Howard Dicus discuss current Hawaii real estate market conditions for July 2009. Have we hit the bottom? Click on the video to listen to the discussion:
Scott Higashi discusses Obama’s $8000 First Time Homebuyer’s Tax Credit stimulus.
Click Video to PLay:
February 23, 2009: Scott Higashi discusses the Hawaii Real Estate market on KITV 4: Click Video to Play:
- VP of Prudential Locations Sales Scott Higashi Discusses Positive News for Hawaii Real Estate as Home Prices Fall. Recorded on KITV January 5, 2010.
- VP of Prudential Locations Sales Scott Higashi Discusses the Effects of the Federal Real Estate Tax Credit. Recorded on KITV November 6, 2009.
- VP of Prudential Locations Sales Scott Higashi Discusses the November 2009 Housing Market. Recorded on KITV December 3, 2009.
- July 2009 Video Discussion: Has Real Estate Hit The bottom Yet?
- Video Discussion of $8000 First Time Homebuyer Tax Credit
- Feb 2009 Video Discussion of Hawaii Real Estate
12. March 2010
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