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Are We at the Bottom? |
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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. 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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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.
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Toll Free Help (877)997-9888x150 Search All Oahu MLS Listings |
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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 |
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. |
Our Team can sell your house in any market!! A beautiful estate in exclusive Portlock with deeded Ocean access, large in-ground pool, 5br, 4ba, mature landscaping, and even a treehouse! | ||||||||||||||||
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