Archive for November, 2009
10 Good Questions & Answers About The Real Estate Market
November 17th, 2009 categories: For Buyers, For Sellers
Sometimes an article about real estate comes out and it is good just the way it is. Today’s Wall Street Journal had an excellent article in a question and answer format. Much of it applies to Honolulu real estate and it is well worth the read!
“One way to get a sense of supply is to ask a good local real estate agent for stats on how many homes are listed for sale in your town and how many months it would take at the current sales rate to absorb that supply.” CLICK HERE TO READ THE ENTIRE WALL STREET JOURNAL ARTICLE
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 »
Is Real Estate Driving Down The Road Of The Car Business?
November 16th, 2009 categories: Rants & Riffs, The Market
Because I am a Honolulu Realtor, I am happy about the extension of the tax credits for purchasing a Honolulu home as your personal residence. As a citizen of the United States, I am concerned that we could be sending part of the house sale and purchase business the way of the car sales business. Let me explain. Read the rest of this entry »
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Key Information On Homeowners Assistance Program (HAP)
November 13th, 2009 categories: For Sellers, Military
For members of the U.S. military who are transferring from Oahu to their next PCS the Federal Governments Homeowners Assistance Program may be a good way to help minimize your loss on real estate you may have purchased. Here are two links that may help you with your research.
Government site with Homeowners Assistance Program information.
Find out if your are eligible for the Homeowners Assistance Program.
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.
Related Posts And Sites
Basic Allowance For Housing (BAH)
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Honolulu Newspaper Death Spiral Accelerates!
November 12th, 2009 categories: Rants & Riffs
Hawaii’s largest daily newspaper, The Honolulu Advertiser, just experienced a year on year subscriber loss of 14%. If something isn’t done soon (I am not advocating that the paper be saved), I would not be surprised to see the printed newspaper go the way of buggy whips and vacuum tubes.
“The Advertiser reported that the average paid circulation of its Monday-Friday editions dropped from 132,893 last year to 113,947 in the six months ending Sept. 27, 2009.”
CLICK HERE TO READ THE PACIFIC BUSINESS NEWS ARTICLE
Since the beginning of this blog, Honolulu Real Estate Views, I have been reporting that the newspapers have become irrelevant in advertising real estate to buyers. This dramatic drop in circulation means that your real estate broker or agent had better have other marketing avenues to get your property sold. 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.
Related Posts
Newspaper Circulation Going Down
Newspapers Irrelevant To Real Estate Sales
More On The Demise Of Newspapers
| Discussion: 1 Comment »
Honolulu Ranked In Top 100 Cities
November 12th, 2009 categories: Rants & Riffs, The Market
During this recession, it has seemed that Honolulu has not be hit as hard as other areas. A Pacific Business News article confirms many things I had been assuming.
“The report evaluates cities on a variety of factors, including job and salary growth over various recent time frames and the strength of local high-tech industries. Of the 324 municipalities studied, Honolulu ranked 43rd for wage and salary growth over the past five years, and 72nd for job growth during that same period.”
CLICK HERE TO READ THE PACIFIC BUSINESS NEWS ARTICLE.
This relative strength may be an explanation for the good real estate market in the core Honolulu market.
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: 2 Comments »
Waiawa Cancellation Has Losers and Winners
November 10th, 2009 categories: For Buyers, For Sellers, Rants & Riffs
Gentry Development, Alexander and Baldwin and Kamehameha Schools Bishop Estate (KSBE) have just pulled the plug on developing 12,000 housing units in Waiawa (West Oahu).
“Local developer Gentry Cos. lost its rights to develop Waiawa Ridge, ending the more than 20-year-old project that was expected to produce its first homes next year in the community envisioned with 10,000 to 12,000 homes.” CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE
Waiawa is located just west of Pearl City at the junction of the H1 and H2 freeways. Given the magnitude and location of the project here are some of the losers and winners. Read the rest of this entry »
| Discussion: 1 Comment »
Tourism Cycle Impacts Honolulu Real Estate
November 9th, 2009 categories: For Buyers, For Sellers
The Honolulu Advertiser is reporting that hotel occupancy rates have improved.
“After 18 consecutive months of declines in the numbers of visitors staying in Hawaii hotels, September brought a small gain in hotel occupancy — up 1.6 percentage points to 64.6 percent.”CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE
Big things can begin with little steps. Tourism is one of the economic forces in Hawaii and it must improve for Honolulu real estate values to rise. Time will tell if this blip is the beginning of a trend or just a temporary bump. Keep in mind that the nature of a cycle is that it will change. Upward cycles will turn downward and vice versa. If you ask me, for long-term investors, now is a very good time to buy.
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 »
Should You Sell At A Loss Or Hang On?
November 9th, 2009 categories: For Sellers
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Digerati Bell Weather May Ring In A Good Future For Honolulu
November 5th, 2009 categories: For Buyers, For Sellers
Little Atherton California’s housing market may be a precursor for good things in the Honolulu housing market. A recent Wall Street Journal article points out that the Atherton housing market has been a bit slow over the last few years, but recently there may be signs that things are getting better.
“But behind that slowdown there has been more activity than meets the eye. Since May, Silicon Valley-ites have jumped back into the Atherton market, lured by the lower prices. Of the dozen or so Atherton homes sold for more than $5 million this year, 10 were completed in May or after, according DataQuick’s analysis of public records. Last month, one newly built home sold for around $14 million. The builder, Jeffrey Wise, says the 10,000-square-foot white-clapboard house was snapped up before it even went on the market.”
CLICK HERE TO READ THE WALL STREET JOURNAL ARTICLE
The technological power wizards from Silicon Valley are known to like trophy wives, cars and properties. Given the good values available in Honolulu and Hawaii’s upper end real estate markets, it follows that confidence in Atherton could mean more solid buyers buying at today’s good prices.
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 »
Some Honolulu Homes Selling…Very Fast!
November 4th, 2009 categories: For Buyers, For Sellers
As a Honolulu Realtor, I am always looking for the right home for the clients that I am working for. In the last week, I saw two Honolulu homes come on the market that might meet the needs of two of my buyers. It is amazing to note that both sold within days of coming in the market! One was located in Nuuanu and the other in Hawaii Kai.
CLICK HERE FOR A MLS FACT SHEET ON THE NUUANU HOME
CLICK HERE FOR A MLS FACT SHEET ON THE HAWAII KAI HOME
Why did these homes sell so much faster than other homes? Read the rest of this entry »
| Discussion: 2 Comments »
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