Guru Calls Bottom In Honolulu Real Estate
December 4th, 2009 categories: For Buyers, For Sellers
The Honolulu Star Bulletin is reporting that Paul Brewbaker, former Bank of Hawaii chief economist, has called a bottom in “Oahu’s Housing Market”. Over the years I have learned to trust Paul’s opinions, because he has predicted so many other upturns and down turns in Honolulu’s home and condo markets.
“This is not the first time Brewbaker has gone out on a limb. He raised eyebrows in 2003 with a prediction that Oahu’s median home price would surpass $600,000 in the last cycle. In fact, the market topped out just shy of $645,000 in 2007, he said. Brewbaker said Oahu’s housing market has bounced off an artificially low bottom associated with the financial panic of 2008 and has begun to “rebound into a stabilization phase that will run through 2012.” CLICK HERE TO READ THE ENTIRE POST
Tie Paul’s call in with the Honolulu Board of Realtors latest positive statistical report and we may be able to expect a good 2010!
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.
; ?>/images/MatoChiclet.gif)
Always good to get good news. Let’s hope for a rise in the tourism dept. to help the economy.