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The link below is very to the point on what we can expect in the real estate market for Hawaii and especially the Big Iisland where our team practices. It very difficult to deal with this market if a Seller ignores what we are up against as a cooperative ...[Read More]
Hawaii (the Big Island), United States Few tourist destinations in the United States have been hurt during the current recession as badly as Hawaii. As hotels and resorts struggle to come up with smart deals, we're looking beyond the lei-wrapped packages ...[Read More]
If you own a home, considering buying or just want great information go to http://www.houselogic.com/ This is a new site recently launched by the National Association of Realtors. It applies everywhere, so it doesn't matter in you live on the Big Island ...[Read More]
Aloha, I want to give you the results of the 2 nd quarter sales numbers and the July sales numbers. I’ll also go into some detail about foreclosure sales, short sales, and the home loan modification program. Hopefully this information will be helpful ...[Read More]
Puna CDP application process reopened The County of Hawai‘i Planning Department has reopened the application acceptance period for the Puna Community Development Plan Action Committee. The deadline to submit an application is 4:30 p.m., September ...[Read More]
Mayor is briefed on Hurricane Felicia Mayor Billy Kenoi was briefed on Hurricane Felicia at the Hawai’i County Civil Defense headquarters and reminded County of Hawai’i residents to always be vigilant and prepared in hurricane season. Hurricane ...[Read More]
Breaking News: Tax Credit Can Be Used on Closing Costs. Call Me For Details! FHA-approved lenders were recently given the green light to develop bridge-loan products that would allow first-time buyers (anyone who has not owned a home in the last three ...[Read More]
Aloha e v e ryon e . Th e first quart e r of this y e ar has b e e n action pack e d with political, financial, and r e al e stat e n e ws. For e closur e numb e rs ar e at r e cord l e v e ls, and e xp e ct e d to continu e to grow for th e n e xt y e ...[Read More]
2008 was one of the most challenging years on record for the real estate industry. As you might imagine, the Hawaii market has suffered along with the rest of the nation. While we look forward to 2009 with hopeful optimism, now is a good time to reflect ...[Read More]
Someone once said about the Hawaii economy, "When California gets a cold, Hawaii gets the flu". Given that, this article from Pacific Business News is worth noting. California Realtors report homes selling more quickly The unsold inventory index ...[Read More]
NEW YORK (Reuters) Former Federal Reserve Chairman Alan Greenspan predicts U.S. house prices will begin to stabilize in the first half of next year, even as he faulted the government's rescue of mortgage market giants Fannie Mae and Freddie Mac, the ...[Read More]
The Fannie Mae 30-Year Fixed mortgage rates did improve slightly this week to 6.375%, down from 6.5% last Friday. One of the reasons for improving mortgage rates this week is that the initial jobless claims increased by 44,000 to a total of 448,000 which ...[Read More]
Copied from RISMEDIA RISMEDIA, July 22, 2008-Nearly half of all home buyers (44%) believe the housing market will improve once the new President takes office in January, 2009, according to a new survey recently released conducted by Harris Interactive® ...[Read More]
Residential: There were 326 single family homes sold on the entire island in the second quarter this year. This number is down from the same period last year where we saw 463 sales, but up from this years first quarter total of 293. The median sales price ...[Read More]
June house sales in North Kona were down 38% versus June of 2007, with 19 sales. This number was also down from May where we saw 28 sales. The median sales price for single family homes also fell. The June median sales price was $505,000, compared to $558,230 ...[Read More]
Copied from RISMEDIA: RISMEDIA, July 4, 2008-For a homeowner facing the frightening threat of foreclosure, the offer seems too good to be true. A “mortgage rescue” company steps forward, claiming to be able to help you save your credit and ...[Read More]
By Beth Braverman, CNNMoney.com The current housing market is bleak: home prices and sales are plummeting, foreclosure proceedings are skyrocketing and mortgage rates are on the rise. When will things be better? A new study from the Joint Center for Housing ...[Read More]
After being ranked 36th in the nation for foreclosures in the month of April, Hawaii dropped to 42nd in May. Hawaii had 162 foreclosures in May, down 22% from April, but up 25% from May 2007, when there were 129 foreclosures. The foreclosure rate for Hawaii ...[Read More]
Big Island home sales continued their decline in May, with 35% fewer single family home and condominium units sold than in May of 2007. The median price of single family homes for the entire island fell from $439,500 in May 2007 to $390,000 in May of 2008, ...[Read More]
Copied from an article in Pacific Business News by Adam Kress The latest read on the national housing market shows home values are continuing to drop at historic rates. The Washington-based Office of Federal Housing Enterprise Oversight reported Thursday ...[Read More]
In 2007 the National Association of Home Builders published a report to give consumers a guideline for the lifespan of components of their homes. Local weather conditions, use habits, regular maintenance -- or the lack of it -- can all affect the life ...[Read More]
Aloha, It sure is not fun to talk about, but in the current market we are seeing quite a few "Short Sales". What is a Short Sale? A short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic hardship on ...[Read More]
One of the more interesting articles I have read in the last few years appeared in the Wall Street Journal on Tuesday. I have copied the article below. The article compares the housing situation today with the benchmarks of the end of the housing crisis ...[Read More]
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