An Explanation Of The Good Honolulu Real Estate Market

September 16th, 2009 categories: For Buyers, For Sellers

Pacific Business News reported that Honolulu has the 20^th strongest performing economy in the United States.

“During the second quarter of 2009, Honolulu lost jobs at a slower rate compared to the first quarter, the report said. Honolulu’s employment was off 2.5 percent, ranking it No. 26 among the 100 metros. The unemployment rate was up 2.7 percent in June, compared to the same 2008 month, ranking 18th; the GMP lost 1.5 percent from its peak, ranking 9th; and housing prices were down year over year by 3.6 percent, ranking 64th.”

CLICK HERE TO READ THE ENTIRE PBN ARTICLE

Let me be clear, the much touted economic slow down, however, it does not seem to be as bad as the national economy. This could explain why the core Honolulu real estate market seems to have not taken the hit that other markets are reporting.

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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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