The Wall Street Journal reported a statistic that might be pointing to a bottom in the national real estate market. Here is what they had to say.
“The nation’s homeownership rate ticked up in the third quarter compared with the second quarter, suggesting that the three-year decline in home ownership may be starting to bottom out.”
In general, the Honolulu real estate market bottomed last year. Most sellers are getting higher prices today than they were a year ago.