Honolulu Real Estate Part Of National Momentum
January 28th, 2010 categories: Rants & Riffs, The Market
I write this as I listen to our President’s State Of The Union Speech. As I have said in past months, Honolulu has been experiencing low levels of inventory and I wonder why the Honolulu real estate market isn’t stronger? Maybe strength is on the way! The Wall Street Journal reports the following.
“Inventories of homes listed for sale are down sharply across the U.S. and have reached very low levels in some areas, including Boston and Sacramento, Calif. The decrease in supplies has sparked a return of bidding wars on lower-end properties in some neighborhoods, but the national picture is mixed.” CLICK HERE TO READ THE WALL STREET JOURNAL ARTICLE.
Back to the speech, it sounds good, but it doesn’t square with what has been happening in the last year. Government is not the answer! I challenge any of you that are reading this post to think of something that the Federal Government is doing with a high level of excellence (outside of the military and law enforcement). Why would we give anyone that has not been doing a good job more to do? I believe in the people of the United States. We need to get Government out of the way and turn the energy and effort of our citizenry to work to get us out of the financial mess we now find ourselves in.
What does this have to do with momentum in the real estate market? I believe that the market is not stronger because of the unknowns that have been injected into the economy by the President. If he would just stop yapping (he has given more than 400 speeches in his first year in office), maybe we would start feeling some certainty in our markets and economy. As we gain confidence, so will the market. 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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