This article from the Star Bulletin on Thursday July 31 reports that
Isle real estate steady in May
The article references the First American CoreLogic Index. As we have seen in previous indices, Hawaii is often not included. The reason is simple: Hawaii is not like other states. This index does include Hawaii, and the results are very interesting. Let’s take a look.
While mainland home prices have dropped 10% over the past several months, Honolulu is up 2.6%. Of all the areas in the survey, only 4 had positive price increases. The conclusion of the author of this survey is that prices may be on the way to stabilizing on the Mainland.
I don’t know anything about the First American CoreLogic Index, but at least they realize Hawaii doesn’t operate like other states. Especially when it comes to real estate. It is worth taking a closer look at this folks.
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