Economist Views 2009 As Bottom For Hawaii Real Estate

February 12th, 2009 categories: The Market

Bank of Hawaii senior veep and chief economist, Paul Brewbaker, spoke to the Maui Chamber of Commerce this past Friday. Over the 17 years I have been following Paul he has been dead on with his predictions. He called the early 90’s recession and a median price for Honolulu homes in the range of $650,000. Brewbaker thinks 2009 is the bottom of our woes.

“The economy is sickly for now, but it could pick up in the second half of this year and continue on the upswing in 2010, economist Paul Brewbaker said Friday.

That rebound could come sooner if Congress quickly passes an economic stimulus plan meant to speed up the nation’s recovery, he said. A deal on an economic stimulus measure was announced Friday after Brewbaker’s talk.

“I’m pretty sure 2009 is the bottom,” he said. Brewbaker, senior vice president and chief economist for Bank of Hawaii, spoke at the Maui Chamber of Commerce’s annual Paul Brewbaker Ph.D. Economic Forecast Luncheon, sponsored by Bank of Hawaii.”
CLICK HERE TO READ THE MAUI NEWS ARTICLE.

Note that in the past Honolulu has led the Oahu real estate market out of economic down turns.

If you have thought about making a move in the Honolulu real estate market, call me at 808-737-2093 or toll free at 877-737-2093, to discuss your needs. Email works too and you can send it to keahi@lava.net.

This entry was posted on Thursday, February 12th, 2009 at 6:02 am and is filed under The Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.