Very insightful. Totally agree with the comment regarding interest rates being a major factor to watch moving forward. Buying power diminishes significantly when interest rates rise. Interest rates drive the monthly payment. The average buyer focusing soley on price in our current market is missing out on the overall picture. He or she could be left out on the sidelines if interest rate rises price them out of a purchase due to not being able to afford the payment on a house they previously could have afforded at the same price, but a lower rate. The old axiom holds true today…”Buy when you can”.
Scott Higashi discusses what happened in April 2010 for the Hawaii Real Estate market, and why it happened.
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Scott Higashi, VP of sales for Prudential Locations, gives insight into what the Hawaii Real Estate market will be doing looking forward in 2010.
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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:
July 30th, 2008 at 7:55 pm
Very insightful. Totally agree with the comment regarding interest rates being a major factor to watch moving forward. Buying power diminishes significantly when interest rates rise. Interest rates drive the monthly payment. The average buyer focusing soley on price in our current market is missing out on the overall picture. He or she could be left out on the sidelines if interest rate rises price them out of a purchase due to not being able to afford the payment on a house they previously could have afforded at the same price, but a lower rate. The old axiom holds true today…”Buy when you can”.