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ACT NOW! THE NEW $8,000 TAX CREDIT

In 2009 you can purchase a home for 2004 prices!  The median price of single family homes has changed very little since 2005. The two-point drop in interest rates over the past few months means more buying power for home buyers. That means you can now buy that $600,000 home for the equivalent of $480,000. The last time the single family home median price was $480,000 was in July of 2004.

Reasons to buy - or become an investor in Hawaii

If you have any questions, contact:

Oahu Real Estate Specialist 

808-224-7274

Elena.Roud@PruHawaii.com

		OCEAN VIEW CONDOS
		NEW OAHU HOMES
		HALE ALII AT HAWAII KAI
		BEACH FRONT

• The worst thing that an investor can do at this time is to decide to wait before making any investments until the real estate market reaches bottom. The bottom of the Hawaii real estate market will only be known six months to a year after it has occurred. By waiting for that bottom, the investor is likely to miss many excellent opportunities.
• On October 2,2008, Prudential Locations hosted an unprecedented discussion of Hawaii Real Estate at the convention center.   Invited to participate were Bank of Hawaii economist Paul Brubaker, Dr. Mike Sklarz, President of New City Technology, and Bill Chee, CEO of Prudential Locations . Topic: Hawaii, U.S., and global economic factors that affect the Hawaii residential real estate market - past, current and  future conditions. State of Hawaii Real Estate Discussion Video (click here)
• The Gallup-Healthways Well-Being Index shows Hawai'i is tops in the nation when it comes to having the highest number of people who are satisfied with their standard of living (82.4 percent) and that it ranks No. 2 when it comes to people who say they are thriving.

• We continue to believe that Hawaii real estate is a terrific long-term investment. Hawaii's unique factors such as a healthy tourist economy, strong military development and the lack of developable land, combined with low interest rates and the buying power of baby boomers continue to set the foundation for stability in Hawaii's real estate market for years to come. Hawaii state still have one of the nation's lowest foreclosure rates.
• Small movements in median prices are of little importance compared to the certainty of higher interest rates and the added costs they bring.

• Today’s Fed action, combined with the recent “bailouts”, are highly inflationary in the big-picture.  What that means is we have low rates now that we will pay for with much higher rates later – like early next year.  But for now we have More cheap money! Do not wait - BUY NOW!

  The VA Home Loan limit was recently increased for some geographic areas. The new VA Loan limit for loans requiring no down payment has been increased.

• Home price appreciation will fluctuate by area of the island, with those Oahu neighborhoods having a more universal appeal continuing to maintain value and even show increases. Hawaii buying-vs-renting
• Register for access for more powerful search.  It will provide you with very unique and exclusive information about Hawaii state-wide real estate, revealing sold prices as well as  all active listings; plus detailed school and community information
• Hawaii Luxury-Home Market Hawaii has long been always popular as a luxury second home, investment and resort market, improvements in transportation and technology have now made it a more viable year-round alternative for high-end buyers

FIND HAWAII HOME VALUE in Waikiki, Honolulu, Kailua ,  Kanoehe , Oahu North Shore,  Waipahu , Pearl City , Mililani, Aiea, Salt Lake Honolulu and other areas of Oahu. Neighborhood Expert   Ask me for updated Oahu, Hawaii Housing Market Statistics by Oahu Neighborhoods and Real Estate nearby Fort Sharter, Hickam Air Froce Base, Schofield Barracks

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