Archive for the 'The Market' Category
Bottom Feeders Sign Of Bottom-Is That Redundant?
March 11th, 2010 categories: The Market
The Maui News has a terrific interview with Hawaii economist Ricky Cassiday in which he professes a belief that the Hawaii real estate market has bottomed. One of his more telling quotes is as follows.
“Another sign that the market may be getting ready to turn is the appearance of bargain hunters. Whether you characterize them as thrifty shoppers, bottom feeders or vultures, Cassiday said he sees people with money looking around for deals.” CLICK HERE TO READ THE ENTIRE MAUI NEWS ARTICLE
To prepare for my daily blog posts, I visit numerous newspapers and news sites around the country and the state of Hawaii. I am seeing more and more articles saying that things have bottomed! Just like a down turn, the more that people say it is happening the more a bottom will be a self-fulfilling prophecy. 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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What If You Bought Real Estate In Honolulu 10 Years Ago?
March 8th, 2010 categories: For Buyers, The Market, Video For Buyers
In today’s video blog, I talk about how well you would have done if you purchased a home or condo in Honolulu 10 years ago. Ask yourself this question, “Do I wish I bought more real estate in Honolulu 10 years ago?” I know my answer!
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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Low Supply Puts Pressure On Core Honolulu Home Values
March 5th, 2010 categories: The Market, Video For Buyers, Video For Sellers
Today’s video blog talks about how Honolulu’s overall existing single-family home inventory has not had a significant increase in long time. Add to this the fact that there is no significant piece of vacant land to develop more homes and pressure on prices becomes readily apparent.
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
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Honolulu Home Median Prices at $1,000,000?
March 4th, 2010 categories: For Buyers, For Sellers, The Market, Video For Buyers, Video For Sellers
A local economist, Paul Brewbaker, is predicting a median price of $1,000,000 for homes on Oahu and in Honolulu by 2020.
“While Oahu homeowners might not see much price gain over the next few years, the market is on its way up and the median single-family home could be worth more than $1 million by the dawn of the next decade, said renowned Honolulu economist Paul Brewbaker.” CLICK HERE TO READ THE ENTIRE HONOLULU STAR BULLETIN ARTICLE
Today’s video blog talks about Mr. Brewbaker’s past accuracy and why one should believe him.
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
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What The February Honolulu Real Estate Statistics Mean
March 2nd, 2010 categories: For Buyers, For Sellers, The Market, Video For Buyers, Video For Sellers
The Honolulu Board of Realtors publishes its monthly statistical report concerning the real estate resale market for the island of Oahu. In general, reading the tealeaves, there are positive numbers throughout the report. In today’s video blog, I focus on the most relevant information and one number, not in the report, that shows a great deal of momentum in the Honolulu real estate market.
CLICK HERE FOR A COMPLETE COPY OF THE REPORT
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
| Discussion: 1 Comment »
Honolulu Condo Beats Bank Returns
March 1st, 2010 categories: For Buyers, The Market
Today’s video blog goes into detail as to how one of my clients bought a Honolulu condominium and greatly increased the return that they were making on their money that was deposited in CD’s at the bank. At first, I wasn’t sure it was possible, but then it became clear that buying and then renting a condo as a landlord made sense.
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 »
Throw The Bums Out! Honolulu Property Tax To Increase?
February 26th, 2010 categories: Rants & Riffs, The Market
It’s no surprise that the State of Hawaii and the City and County of Honolulu are short of dollars. The disappointing issue is the lack of discussion concerning spending cuts! Both the State and City have been spending beyond their means for sometime, yet the only solutions being proposed are increases in fees and taxes. According to a Honolulu Advertiser article, the State is trying to discontinue sending the Transient Accommodations Tax to the City; as a result the City is considering raising property taxes.
“Honolulu Managing Director Kirk Caldwell said the city likely will increase tax rates on second homes or investment properties even if the city receives its cut of the TAT funds. He said that at this point, owner-occupants are not being considered for property tax increases.” CLICK HERE TO READ THE ENTIRE HONOLULU ADVERTISER ARTICLE
Here’s my political commentary for the day, we need to “throw the bums out” and elect representatives that see government’s role in our life as limited. This means that many of the things the City and State are now doing should be cut and returned to the private sector. The solution to our current problems will not come from increasing taxes on an already over taxed populace.
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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Silver Lining In Cloud Of Doom
February 25th, 2010 categories: The Market
AS mentioned in previous blogs tourism is important to Honolulu’s economy and a recent article in the Honolulu Advertiser confirms that 2009 was a brutal year for hoteliers.
“2009 has been a tough year for the visitor industry both in Hawai’i and nationally,” Toy said. “The speed and depth of the downturn was unprecedented and the hotel industry has never experienced the level of rate discounting that is still in the market.” CLICK HERE TO READ THE ENTIRE HONOLULU ADVERTISER ARTICL
Here is the silver lining. Everything cycles and before things can go up they need to bottom out. Later in the article they go on to say the following, “However, the lower hotel rates, along with aggressive marketing and more flights to the Islands, appear to be helping stem the decline in occupancy.” What does this mean for Honolulu real estate?
Even with slowness in tourism, I believe the Honolulu real estate market is at a bottom and may be experiencing some appreciation. This means that as other economic sectors improve (tourism as an example), you will see Honolulu real estate prices get better too. The moral of the story for buyers is that now is the time to buy. For sellers, in the short-term, because of good financing and firming values, it is a good time to sell. Over the long haul if you can wait your real estate should experience significant appreciation.
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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“Slumburbia” in Honolulu?
February 23rd, 2010 categories: Rants & Riffs, The Market
Timothy Egan, writes a real estate blog at the New York Times on-line and his headline “Slumburbia” really caught my eye. The main point of his post is that some real estate markets in the U.S. are so over built that they have become vacant slums in suburbia.
“Drive along foreclosure alley, through new planned communities that look like tile-roofed versions of a 21st century ghost town, and you see what happens when people gamble with houses instead of casino chips.” CLICK HERE TO READ THE ENTIRE BLOG
My readers know that I focus my attention on Oahu and Honolulu. Here is the good news, due to the limited amount of developable land on the island and unmet demand for affordable houses, our market would be very hard to overbuild to the extent that they have in the mainland. Furthermore, in core Honolulu, there is no significant parcel of land available for building single-family homes. Thus, in this core area, it is nearly impossible to add enough houses to come close to swamping the 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: 1 Comment »
Fed Increases Key Interest Rate
February 19th, 2010 categories: Mortgages & Financing, The Market
Maybe Tim O’Leary, of Wells Fargo, is a clairevoyant. In my last blog, I reported that in a conversation with him yesterday, he mentioned that interest rates have been moving up, and then this morning I notice that the BBC reported the following action by the Federal Reserve.
“The US central bank said late on Thursday that it was lifting its discount rate to 0.75%, from 0.5%.” CLICK HERE TO READ THE ENTIRE ARTICLE
Just remember that everything cycles, tides ebb and flow and so do Honolulu real estate mortgage loan interest rates. We have been at lows for sometime and one should expect rates to move up for a while. So, here’s some advice, buy now!
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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