Commercial Bubble Could Help Honolulu Home Market
September 21st, 2009 categories: Mortgages & Financing
Let me start by saying I am not a commercial real estate broker, however, as a Honolulu residential Realtor it is important to be aware of other aspects of our market. A post at The American goes into great detail about the over-leveraging of the national commercial real estate market.
“Many are accustomed to thinking in terms of a ‘housing bubble.’ But this is only part of the story. In fact, the first decade of the 21st century brought us a real estate double bubble—one in housing, and one in commercial real estate.”
CLICK HERE TO READ THE AMERICAN POST
According to a commercial brokers I know, resetting adjustable mortgages will impact the Oahu commercial market. The silver lining is that our market is not over-built like some mainland markets. If the commercial market is hit, then this may be good for Honolulu homes and condos.
Technological shifts have been pushing more and more workers home (to work virtually) and as companies cut back, I believe, you will see more workers heading home. Because many businesses can be run from a home office, you may see homes or condos with an additional room come into high demand. Think about it.
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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It really saves me time and effort. Thanks guys, keep up the good work! I could probably go into sales for you.