California Bell Weather For Honolulu?
April 29th, 2009 categories: The Market
Traditional wisdom says that the California real estate market is a key indicator for the Hawaii real estate market. If this is the case, then a recent Wall Street Journal may show a coming shift in the Honolulu housing market.
“California’s housing-market slump showed hints of improvement in March, with sales of existing single-family homes increasing 64% from the prior-year period and median home prices rising month-to-month for the first time since August 2007, according to a trade group report.
California’s inventory of unsold homes in March fell to a three-year low of five months, according to a report released Monday by the California Association of Realtors. That compares with 12.2 months of inventory the group reported for March 2008.”
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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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A light at the end of the tunnel is always a good thing to help everyone stay on track and do what they need to do!