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 December, 2009 « Next month - More background on the Fannie Mae and Freddie Mac problems. (12/31/09) - Economists at odds on speed of recovery of home prices. Another example of the range of current economic forecasts - some rather negative and others saying that Oahu real estate is ahead of the mainland recovery. (12/30/09) - Hawaii is courting China and the growth in tourism that direct flights could bring. (12/27/09) - Financially challenged Fannie Mae and Freddie Mac received unlimited coverage of losses by the Treasury over the holidays. (12/27/09) - Mele Kalikimaka, Merry Christmas and Happy Holidays! (12/25/09) - Sales of new construction homes dropped nationally in November by 11.3%. (12/23/09) - The Commerce Department revised the 3rd quarter GDP downwards for the second time to an annualized rate of 2.2% raising questions about 4th quarter outlook and general economic growth. (12/23/09) - Real estate on a different scale, a wonderful video journey from Mt. Everest to the edge of the known universe and then back home. Detailed story here. (12/22/09) - Nationally, November home sales leap 7.4%. This was mainly due to the original tax credit which was set to expire in November. The credit has been extended into 2010 and the link in the first December post below contains the current tax credit details. (12/22/09) - According to the latest forecast from the University of Hawaii Economic Research Organization, Hawaii's economy may start to see slow upturn in 2010. (12/18/09) - The Eddie Aikau big-wave invitational on Oahu's North Shore was held this week for the first time in five years. The winner was Greg Long from California. Enjoy some highlights. (12/11/09) - Neighbor island foreclosures continue to fuel statewide rate. The latest report from RealtyTrac ranks the state of Hawaii at 15th for foreclosure activity. Oahu is in better shape and its foreclosure rate is about half of the state's. For comparison, if Oahu's rate were used, it would place it around 30th nationally. Here is the entire RealtyTrac report. (12/10/09) - A warm tribute to WW2 Vets on Pearl Harbor Day - "Every day is a bonus". (12/7/09) - For a broader and national view, this post contains links to several cautionary viewpoints along with the writer's contrasting and more positive outlook. (12/5/09) - Here is one perspective on the Oahu surge in sales. It leans to the optimistic side with some notes of caution. (12/5/09) - Oahu real estate market data for November, 2009 from the Honolulu Board of Realtors®: Single-page version and Multi-page version. The Home Buyer Tax Credit which was originally to expire the end of November has definitely had a positive effect on the market, but it has also distorted sales and the normal annual patterns. The data is generally positive but the effects of the tax credit need to be kept in mind.(12/5/09) - For information on the current 2009/2010 Home Buyer Tax Credits, the qualifications needed and amount of the credit available to you, this site is an excellent resource. (12/5/09) Previous month »
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