There is some misinformation in the media lately about the required size of a down payment for a mortgage in today’s market, and the blog world is abuzz with misperceptions. Not all so-called experts are knowledgeable in this area, and some experts are being misunderstood. The facts: An individual may be required to put down […]
Existing-home sales weakened against a backdrop of an eroding economy, according to the National Association of Realtors®. Existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 8.6 percent to a seasonally adjusted annual rate¹ of 4.49 million units in November from a downwardly revised level of 4.91 million in October, and are 10.6 […]
From Market Watch: 30-year fixed-rate mortgage at 37-year low The benchmark 30-year fixed-rate mortgage tumbled to a national average 5.17% this week, the lowest level since Freddie Mac began its weekly rate survey in 1971. With the Federal Reserve cutting its interest rates to near 0% and a continued decline in rates on the long-term […]
From The Pacific Business News: Judge ok’s Ilikai Foreclosure A Honolulu judge on Wednesday granted a New York bank’s request to foreclose on the units at the Ilikai that are held by developer Brian Anderson. In granting summary judgement to iStar Financial(ticker:SFI), 1st Circuit Court Judge Karen N. Blondin set in motion a process that […]
A federal mortgage interest buy-down program would help spark the housing market, the National Association of Realtors® said in a letter sent today to James B. Lockhart, chairman of the Oversight Board of the Federal Housing Finance Agency. NAR seeks a 4.5 percent mortgage interest rate buy-down program financed through the U.S. Treasury Department’s Troubled […]
The National Association of Realtors® is urging the federal government to proceed rapidly to drive down mortgage interest rates and move ahead with housing stimulus action to drive up consumer confidence. “We are very encouraged that mortgage interest rates are moving in the right direction. However, we will continue to press ahead because rates are […]
From Central Pacific Bank: press release dated December 10, 2008 As a participant, Central Pacific plans to issue $135 million in senior preferred stock, with related warrants to purchase up to $20 million in common stock, to the U.S. Treasury. Central Pacific Bank through Central Pacific Home loans was one of the more aggressive […]
Pending home sales eased against a deteriorating economic backdrop but remain in a stable range, according to the National Association of Realtors®. The Pending Home Sales Index,¹ a forward-looking indicator based on contracts signed in October, slipped 0.7 percent to 88.9 from an upwardly revised reading of 89.5 in September, and is 1.0 percent below […]
From the Wall Street Journal: Hawaii makes big bet on electric cars Hawaii Governor Linda Lingle unveiled a plan to create an electric car network with between 70,000 and 100,000 recharging points through a public-private partnership by 2012. “Under the plan, consumers would buy or lease electric cars, and Better Place would supply recharging services […]
The Honolulu Board of REALTORS® released resale figures today for the month of November. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: November 2008 Residential Resales Statistics for OahuSingle Family Home Resales Number of Sales This Month Compared To Median* Sales […]
Great news for home buyers, home sellers and the U.S. economy is how the National Association of Realtors® greeted this morning’s announcement by the Federal Reserve that it will purchase housing-related debts of Fannie Mae and Freddie Mac, thus freeing up mortgage money on Main Street. “This is one of the key actions we’ve been […]
The economic downturn will slow commercial real estate markets into 2009 according to a forward-looking index for the commercial real estate sectors published by the National Association of Realtors®. Lawrence Yun, NAR chief economist, said all components of the Commercial Leading Indicator for Brokerage Activity1 were down, with the exception of personal income. “Aside from […]
Four out of five metropolitan areas recorded lower home prices in the third quarter from a year earlier, while existing-home sales fell in 32 states from the second quarter, according to the latest quarterly survey by the National Association of Realtors®. In the third quarter, 28 out of 152 metropolitan statistical areas ¹ showed increases […]
Oahu home prices stabilize The Honolulu Board of REALTORS® released resale figures today for the month of October. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: October 2008 Residential Resales Statistics for OahuSingle Family Home Resales Number of Sales This Month […]
October 1, 2008 Honolulu median home prices and sales decline Today, the Honolulu Board of REALTORS® released resale figures for the month of September. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system. You can find the full report here
October 1, 2008 Honolulu median home prices and sales decline Today, the Honolulu Board of REALTORS® released resale figures for the month of September. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: September 2008 Residential Resales Statistics for Oahu Single Family […]
We noticed that Apple has applied for a new building permit here in Waikiki, Hawaii (we are on Oahu). After some research we found that the permit is for a new location at the Royal Hawaiian Shopping center on Kalakaua Ave on Oahu, nearby the very busy Cheesecake factory. The new location is a 2 […]
The ultimate in sophistication Island style living combined with world-class design. Enjoy gorgeous Oahu’s Diamond Head sunset and ocean views. Floors are Ohia hardwood and limestone. The exterior is plaster on 1st level and board & baton on 2nd level. List price US$ 9,900,000. Call Malia Meenderman at 808-394-9779 for more information. Diamond-Head is […]
Today, the Honolulu Board of REALTORS® released resale figures for the month of April.
Today, the Honolulu Board of REALTORS® released resale figures for the month of April. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: April 2008 Residential Resales Statistics for OahuSingle Family Home Resales Number of Sales This Month Compared To Median* Sales […]