Archive for April, 2010
More Good News For The Honolulu Market
April 30th, 2010 categories: For Buyers, For Sellers, The Market
“The Honolulu residential real estate market was again among the U.S. markets with the fewest and smallest real estate price drops in April, according to the latest research from real estate search engine Trulia.com.” CLICK HERE TO READ THE ENTIRE STAR BULLETIN 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.
More Video Blogs
Honolulu Real Estate Is A Good Investment
Honolulu Home Median Price of $1,000,000
Honolulu real estate makes a lot of sense over 10 years
Buying more might make your retirement better
| Discussion: 1 Comment »
More Remodeling, Different Reasons
April 30th, 2010 categories: Rants & Riffs
During the last boom in Honolulu real estate we saw an incredible number of remodels happening to homes. The Wall Street Journal is reporting that another boom is happening, however, it may be for different reasons.
“Now, the opposite is happening: Many people who bought during the boom years are accepting the reality that they won’t soon be swapping up for a sybaritic spread. Their mortgages may remain above water, but after years of falling home prices, their equity is so low that the transaction costs of buying a new house would leave little for a down payment.” CLICK HERE TO READ THE ENTIRE WALL STREET JOURNAL ARTICLE
To me, it makes sense to make improvements to your home for your benefit. If you are going to be living there, then you might as well experience the full joy that your home can offer.
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.
More Video Blogs
Honolulu Real Estate Is A Good Investment
Honolulu Home Median Price of $1,000,000
Honolulu real estate makes a lot of sense over 10 years
Buying more might make your retirement better
| Discussion: No Comments »
Is Low Interest Rate Window Closing?
April 29th, 2010 categories: For Buyers, Video For Buyers
I’ve been thinking about interest rates and how low they are now. As I write this it is very possible for qualified buyers in Honolulu to get a 30 year fixed rate loan at an interest rate of 5%. This equates to a monthly payment of $534.59 for every $100,000 you barrow. Below are two comparisons. The first shows you how much of a loan a monthly payment of $534.59 debt service. The second shows how much the monthly payment for barrowing $100,000 is at various interest rates. We are at very low interest rates and if you don’t yet own your home, the window may be closing on this era of low interest rates. This means you might want to buy now. Think about it.
Loan Amounts At A Payment Of $534.59
4% 534.59 $112,350
5% 534.59 $100,000
6% 534.59 $89,611
7% 534.59 $80,822
8% 534.59 $73,432
9% 534.59 $66,938
10% 534.59 $61,425
Loan Payments On $100,000 At Various Interest Rates
4% $100,000 $475.83
5% $100,000 $534.59
6% $100,000 $596.57
7% $100,000 $661.44
8% $100,000 $728.91
9% $100,000 $798.63
10% $100,000 $870.32
http://www.vimeo.com/11301957If 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.
More Video Blogs
Honolulu Real Estate Is A Good Investment
Honolulu Home Median Price of $1,000,000
Honolulu real estate makes a lot of sense over 10 years
Under New Rules-Lenders Even More Important
Sellers Get Your Surveys In Advance
| Discussion: 3 Comments »
Let The Good News Roll
April 28th, 2010 categories: The Market
Markets are driven by a compilation of attitudes and news. Lots of negative news and we see attitudes go negative. This is what we saw in 2007 and 2008, and then we saw the proverbial “stuff” hit the fan. Right now I see the opposite happening, more and more good news is showing up and I am finding lots of people starting to feel good about their prospects and the Honolulu real estate market. Today’s Honolulu Advertiser is reporting a strengthening tourism market.
“Industry leaders say they expect the gains to continue in the months ahead given the number of flights to Hawai’i being added by airlines this spring and summer.” CLICK HERE TO READ THE ENTIRE HONOLULU ADVERTISER ARTICLE
What does this mean for real estate in core Honolulu? At a minimum, it is a safe bet that our market has bottomed (in most market segments) and I am starting to sense that leading indicator markets are firming. This means it may be a great time to buy if you have not already yet done so!
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.
More Video Blogs
Honolulu Real Estate Is A Good Investment
Honolulu Home Median Price of $1,000,000
| Discussion: No Comments »
Key To College Investment-Plan First
April 28th, 2010 categories: For Buyers, Video For Buyers
This is the third in my series on buying a home or condo at college for you child to reside in while they are attending school. Though this post focuses on planning a college acquisition, it really pertains to buying almost any piece of Honolulu real estate. Whether you are investor or buying a home or condo for you own use, it is always good to determine when you plan on selling and then determining a contingency plan if you are not able to sell as planned.
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.
More Video Blogs
College Housing Buying Caveats
Overview Of Buying A House or Condo For Your College Bound Student
Honolulu Real Estate Is A Good Investment
Honolulu Home Median Price of $1,000,000
| Discussion: No Comments »
College Condo & House Buying Caveats
April 27th, 2010 categories: For Buyers, Video For Buyers
Today’s video blog augments yesterday’s by talking about a few parameters to implement when considering buying your college bound student a college housing unit. Toward the end of the video I discuss one issue specific to a purchase in Honolulu. Be sure to watch the video if you are considering this option.
http://www.vimeo.com/11269623If 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.
More Video Blogs
Overview Of Buying A House or Condo For Your College Bound Student
Honolulu Real Estate Is A Good Investment
Honolulu Home Median Price of $1,000,000
Honolulu real estate makes a lot of sense over 10 years
Buying more might make your retirement better
Under New Rules-Lenders Even More Important
Sellers Beware Of Company Addenda
Sellers Get Your Surveys In Advance
| Discussion: No Comments »
Using College Housing Costs To Buy
April 26th, 2010 categories: For Buyers, Video For Buyers
In today’s video blog, I discuss the idea of using the money you might pay for room and board at college to buy a home or condominium. The goal is to put the dollars you would be sending to the college to work for you and your future. Remember that $550 per month will cover the payments approximately $100,000 in mortgage. Depending on the market your son or daughter is entering, you may be able to buy something that, with roommates, will work. Think about it.
http://www.vimeo.com/11242567If 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.
More Video Blogs
Honolulu Real Estate Is A Good Investment
Honolulu Home Median Price of $1,000,000
Honolulu real estate makes a lot of sense over 10 years
Buying more might make your retirement better
Under New Rules-Lenders Even More Important
Sellers Beware Of Company Addenda
Sellers Get Your Surveys In Advance
| Discussion: 1 Comment »
Is The Honolulu Real Estate Market On The Rise?
April 26th, 2010 categories: For Buyers, For Sellers, The Market
We Realtors feel moves in the market before they are reported and it was good to see confirmation of increased sales activity in an article written at the New York Times on-line.
“Over all, the sales of new single-family houses in March were up nearly 27 percent at a seasonally adjusted annual rate of 411,000 units, the Commerce Department reported. The increase, which was against a revised rate of 324,000 for February, exceeded expectations.” CLICK HERE TO READ THE ENTIRE NEW YORK TIMES ARTICLE
Based on the activity in the market and on my listings, I believe the April statistics are going to show an increase in sales in Honolulu homes and condos. It seems to be focused in market segments that are of interest to local buyers, however, I am seeing more interest from off island buyers too. Have we seen increasing prices? The short answer is yes…in most cases, however, there are some areas and buildings that have yet to seen incremental appreciation. Overall, I think the market has bottomed and heading toward higher 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.
More Video Blogs
Honolulu Real Estate Is A Good Investment
Honolulu Home Median Price of $1,000,000
Honolulu real estate makes a lot of sense over 10 years
Buying more might make your retirement better
Under New Rules-Lenders Even More Important
Sellers Beware Of Company Addenda
Sellers Get Your Surveys In Advance
| Discussion: No Comments »
750th Blog Post Milestone!
April 21st, 2010 categories: Rants & Riffs
I happened to look at this blog’s statistical report this morning and was surprised to see that, prior to this post, I’ve made 750 separate blog posts. It was hard for me to believe, so I looked deeper and here is what I found.
28,174 people have visited.
55,500 pages have been viewed.
The Internet is an incredible tool and I believe these numbers show strong interest in Honolulu real estate. Hope to get to 1,000 posts this year and I will let you know when the number is reached.
| Discussion: 1 Comment »
Honolulu 18 Unit Apartment Building
April 21st, 2010 categories: Neighborhoods, Video For Buyers
With safe returns hard to find at banks and other places it may be time to reconsider a Honolulu multi-unit apartment building as part of your investment portfolio. Given the last several years of roughness in the local and national economy, I was surprised to see a number of apartment buildings that offered capitalization rates in the range of 5%! Today’s 18 unit building is centrally located in Palolo and may make a fine place to park your investment dollar. Here are the details.
Price: $3,495,000
1-bedroom units: 9
2 bedroom units: 9
Stories: 3
Elevators: 0
Parking stalls: 18
Electricity: Individual meters
Square feet land: 12,480
Square feet of building: 10,125
http://www.vimeo.com/11119213CLICK HERE FOR AN MLS FACT SHEET ON THE PROPERTY
If you have any questions, feel free to call me at 808-398-3220. Another company lists this building for sale and I can fully represent your interests.
| Discussion: No Comments »
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