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Oahu Real Estate Information

About Short Sales and Foreclosures on the Ewa Plain, Oahu Hawaii

About Short Sales and Foreclosures on the Ewa Plain: Prices have been dropping in Ewa Beach for some time, but starting last November sales began to pick up, said Allyson Blackard, broker and co-owner of Hawaii Real Estate Online. "We're at or near the bottom because there is so much competition for offers," Blackard said. While homes in Ewa Beach are going for sometimes $100,000 to $200,000 less than what the previous owner paid, Blackard said she thinks the drop is a phenomenon of the last market rather than a lasting slump. Many Ewa Beach buyers paid top dollar for properties during the last cycle and then saw their equity depreciate from the effects of regional traffic woes, sagging consumer confidence, global economic downturn and tougher lending standards, she said. Also, the region was popular with military buyers, and many of them were forced to transfer in the midst of the down cycle, Blackard said. << MORE >>

How to Find A Safe Neighborhood - Anywhere

How to find a safe neighborhood Your new home’s inspection report won’t come with a safety rating for the neighborhood, a crucial determinant of quality of life. It’s up to you to check out the area before you move. Here’s how. By Karen Aho of MSN Real Estate << MORE >>

Tax Credit Passes!! Plus Adds Credit for Present Homeowners!

Aloha, Victory!

Congress passes homebuyer tax credit.
 
The Senate and House voted in favor of extending the first-time homebuyer tax credit. As you know, the legislation extends, through April 30, an $8,000 first-time homebuyer tax credit and creates a new $6,500 credit for homebuyers who have been in their current residence for the last five years or more.

The Senate unanimously voted Wednesday night (98-0). The House just passed the bill this afternoon (403-12).
 
President Obama signed  the legislation on Friday, November 6.

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Boo!! Current Oahu Hawaii Real Estate News

Aloha, Find Links to Hawaii Beach Video, and to this month’s newsletter which includes useful information and links to videos about the first-time home-buyers credit, property searches, and articles such as: "Home Buyer's Tax Credit Changes Possible"; "Don't Let An Over-priced Home Be a Humbling Lesson"; "Job-hunting Strategies For Trailing Spouses"; "Home Staging Helps Bring Top Dollar Sale"; "How to Stay on Top of Mortgage Payments During a Short-Term Financial Crisis"; “September Roundup:Rates Remain Low Increasing Affordability”; << MORE >>

Aloha, Oahu Real Estate this Fall! Get YOUR Tax Credit!!

Summer’s over and the kids are back in school so back to business for all of us. The Brokers are happy to present our September newsletter about the Oahu Real Estate Market and real estate in general. Go to http://hawaiirealestateonline.com/currentnews.shtml<< MORE >>

Oahu's current market conditions suggest we're on the way up!

Most economists will tell you that when the number of sales start to pick up then the market is beginning to turn. Now some will say that's because there are such good deals and because of the tax credit incentive....well check out the graph on rising median prices. Real Estate is always assessed over time - and comparing to last year is a waste of time. Last year the market was crashing. What we've been waiting for is signs of the recovery - and in Hawaii, at least on Oahu, I believe we are begining to see that recovery. << MORE >>

If Hawaii's Real Estate Market is Bad - Why am I so busy??

I just love reading the incindiary reporting in the papers, mostly written by mainlanders with - buried way in the interior - the nugget says but in Hawaii this is improving. Comparing this year to last year or the year before and/or talking about median prices is ludicrous. They are basically comparing apples to chicken - friut to meat?!!. Now I'm talking about Oahu's real estate market - the neighbor islands are a different story. << MORE >>

Do you qualify for the $8,000 homebuyer credit?

Take the Quiz yourself: http://www.realtor.org/RMOQuiz2.nsf/2009HomeBuyerTaxCreditQuiz?OpenForm QUIZ RESULTS: 2009 FIRST-TIME HOME BUYER TAX CREDIT << MORE >>

Are We at the Bottom? According to NAR We are Pretty Darn Near!!

Are We at the Bottom?

Many see the housing market as the key to economic recovery but acknowledge that until its pereceived that the market has hit bottom, many would-be buyers will sit on the sidelines. A March 24 Good Morning America (GMA) segment suggests that maybe we're there. GMA reported on a influx of foreign and domestic "professional buyers" (investors who buy homes--sometimes in bulk and sight unseen--at bargain prices to later sell at a profit). Their presence typically signals the market bottom, or near to it, and thus the beginning of a recovery. 
(From the National Association of Realtors April news update)

And in Hawaii we are starting to see the number of sales (mainly on Oahu)  start to pick up, which is our first indicator of the market.  Short sales have slowed and most foreclosures appear complete (now are bank owned)  – but there is still lingering pressures due to unemployment and softness in the tourism and other business markets.  The military, as always, is a strong presence in Hawaii; and with the current prices and rates (prices are flat and rates are low), providing many opportunities for our military to buy homes in Hawaii that even six months ago were out of reach.  Talk to our military lender, retired Chief Allen Blackard or one of our excellent, experienced agents so we can help you buy your piece of paradise!!  Or search the Oahu MLS, all  properties listed  by Oahu’s real estate companies.



Kate Braden, R, PB, ePRO, ABR
CEO &  Principal Broker
Cell/Direct:         (808 )265-6803
Toll Free Fax:   
 (888) 830-0153
Toll Free Office: (877) 997-9888X108
Email:  Kate@HREOmail.com 
Webs:  HawaiiRealEstateOnline.= com

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April Showers Bring a Blooming Real Estate Market in Hawaii - no foolin'


Experienced Agents Marketing Hawaii to the World

 

April 2009
Real Estate News
You Can Use

   Equal Housing Opportunity

 

 

 

Where Housing is Headed

We received an important indicator of where housing is headed last month, when new mortgage applications for home purchases and refinances suddenly surged as they hadn't in months.
(Read "When Greed Overcomes Fear")

Applications for FHA loans to buy houses were up by 10.4 percent. And overall home purchase applications jumped by 7.1 percent.

Meanwhile mortgage interest rates dropped to their second lowest level in nearly two decades, according to the Mortgage Bankers Association. Thirty year fixed rates averaged 4.96 percent and fifteen year rated dropped to just 4.5 percent.

More Articles

 
March Roundup: Rates Hit Another New Low

 
US Treasury: Mortgage Rates As Low As 2Percent

 
Investor Report: Refinancing

WOW
***Mortgage Rates
***
U.S. averages as of March 26, 2009:

30 yr. fixed:   4.85%
15 yr. fixed:   4.58%
1 yr. adj:        4.85%

Contact our lending partner Allen Blackard at 808-221-5670
Contact our Lending Partner for Current Rates or a Pre-Qualification

 

 


 Why's this important? New financing applications to buy homes obviously point to rising purchase contracts and closed sales in the months ahead. They also suggest that prices have hit a level in

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Seller's Home Appeal:  How to
Reach Today's Market


Are You Represented? The Seller Is!!

Did you know that before the early 1980's buyers were never represented? Sellers had agents to list their properties and negotiate the contract with all the expertise of professional Realtors and buyers were at a disadvantage in every transaction. From that imbalance evolved the Buyer's Representative or the Buyer's agent.  CONTINUED>>>

Five Ways to Wow Buyers

These days, tax credits and high housing inventory make it a buyers' market. If you're a seller, don't despair. There are a variety of renovations that can help make your home stand out. Many buyers look at numerous homes when shopping for a house; so enhancing your home to make it more memorable is vital and increases the chances of a successful sale.

Clearing clutter, taking down personal photos, applying a fresh coat of paint, making minor repairs, and keeping a pleasant aroma are all basic techniques to make your home more appealing. But there are a few other creative enhancements that you can do to wow buyers without emptying your wallet. The results not only attract more attention, but also paint a picture of a well-cared-for home.

While not everyone has the same taste in housing, typically buyers are attracted to

What You Need to Know to Buy a Home Today

Don't let a sluggish economy get you down. There are reasons to shop for personal items—including a new home. I recently saw an advertisement for a new car that said you could return the car in the first year if you lose your job. While there may not be that incentive for homes yet, some other perks might give you reason to start your housing search.

If you can afford to buy, consider making homeownership a goal this year, especially if you haven't owned a principal residence in three years prior to buying. The new stimulus package sweetens the deal for homebuyers who purchase a residence on or after January 1, 2009, and before December 1, 2009. The incentive is for first-time homebuyers who remain in their home for at least three years. It provides a credit for 10 percent of the home purchase price, up to an $8,000 limit. The credit can be taken on your 2008 or 2009 tax return.

CONTINUED >>>


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