Archive for February, 2009
Government Making Things Worst?
February 24th, 2009 categories: Mortgages & Financing, The Market
Could the Government’s intervention in mortgage foreclosures be making things worst? The Wall Street Journal has an interesting article about the “moral hazard” created by bailing out barrowers.
“Another concern is that borrowers are stopping making payments in order to get help. That’s because mortgage companies often won’t modify the loans of troubled borrowers until they’re delinquent.”
CLICK HERE TO READ THE WSJ ARTICLE.
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Honolulu Vintage House
February 23rd, 2009 categories: Rants & Riffs
Here is another home on Aukai in Honolulu’s neighborhood of Kahala. Double click on the picture to see a much larger version. If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
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California Loss Could Be Good For Hawaii
February 23rd, 2009 categories: Rants & Riffs, The Market
Leaders in Hawaii should take note of what is going on in California.
“Right behind Colorado are Arizona, Nevada, Oregon and Utah – all planning to make similar runs at luring corporate executives, venture capitalists and manufacturers who might be fed up with California’s political gridlock or anxious about potential tax hikes and deep cuts to schools, parks and other services.”
CLICK HERE TO READ THE ENTIRE WSJ ARTICLE Read the rest of this entry »
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Honolulu Vintage Home
February 20th, 2009 categories: Rants & Riffs
This Honolulu home can be found in Kahala on Aukai Avenue. Double click on the picture to see a much larger version. If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
| Discussion: 1 Comment »
$8,000 Real Estate Tax Credit in Stimulus Plan?
February 20th, 2009 categories: Rants & Riffs
Eric and Nikki Ransom posted a very clear blog on the “Good, the Bad and the Ugly” of $8,000 real estate tax credit contained in recently passed stimulus act.
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Selecting Your Honolulu Home
February 20th, 2009 categories: For Buyers, Military
If you are not from Oahu and you are in the process of transferring to Honolulu as part of your military PCS or company transfer, it is important to select the right home. This decision is driven by your needs in the way of bathrooms, bedrooms and quality of the home and neighborhood. Falling in love with the specific home is easy. Here are 5-macro considerations about Honolulu real estate are more analytical and help you to make a good long-term investment decision. Read the rest of this entry »
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The Grand Dilemma
February 19th, 2009 categories: For Sellers
There is a dilemma that is not unique to Honolulu real estate. When it is time to move to a new home, do you find your new home or sell your existing house first? Providing you are in a strong enough financial position, either option is open to you. However, I have always advocated getting your existing home sold first! In the current real estate market, I feel even stronger that this is the right course of action. Here is why. Read the rest of this entry »
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Really, This Is A Good Thing!
February 18th, 2009 categories: Rants & Riffs
If too much inventory is one of the problems in the real estate markets, then a drop in housing starts is good.
“Key pieces of economic data were released Wednesday, including a U.S. Commerce Department report showing housing starts in January tumbled 16.8% to a seasonally adjusted 466,000 annual rate compared with the prior month.”
CLICK HERE TO READ THE ENTIRE WSJ ARTICLE
Honolulu real estate is not immune to economics 101. Too much supply and low demand, equals a slowing market. Low supply and high demand, equals an appreciating market. As I have said before, Oahu is the tale of two cities.
Core Honolulu (Kam Heights, down town, Manoa, on around to Kailua) has good demand for homes that locals can buy. Though values are down some, I am not seeing insanely low sales prices in this market.
The balance of Oahu (with the exception of some areas in Waikele and Mililani) has a great deal of inventory and very low purchase prices can be had.
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
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Honolulu Stone House
February 13th, 2009 categories: Rants & Riffs
In Honolulu, it is very rare to find a home made nearly entirely of stone. While driving around Kaimuki, I ran into this house on Crater Place.
Feel free to call me at 808-737-2093 or toll free at 877-737-2093, to discuss your real estate needs. I can be reached at keahi@lava.net too.
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You Get Me In Your Honolulu Real Esate Transaction
February 13th, 2009 categories: For Buyers, For Sellers, Military
This blog shows up on page 1 or 2 of organic google searches for many real estate key words pertaining to Honolulu. I took a few minutes to review the websites that showed up in the same proximity. I found them to be of 3 general types. Read the rest of this entry »
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