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 January, 2010 « Next month - Something different: skateboarding down Oahu's Old Pali Road. Background story here. (1/25/10) - Hawaii renters getting a break with rents declining for the first time in years. (1/25/10) - Government plans exit from mortgage markets in two months, which most likely will result in higher interest rates and affect sales. (1/25/10) - No surprise, with the expiration of the original tax credit (which has now been extended), existing home sales sank nationally in December. (1/25/10) - New Central Oahu subdivision by Castle & Cooke would create 5,000 homes. (1/22/10) - HUD helps to speed resale of foreclosed or investor-purchased properties by waiving the 90-day FHA anti-flipping rule. Some conditions still apply and are outlined on HUD's website. (1/18/10) - A seven-year lease for the Fisherman's Wharf restaurant at Kewalo Harbor was awarded to a new operator. With planned restoration and remodeling this could be a nice upgrade for the area. (1/18/10) - Something positive. Fewer Honolulu sellers made price reductions of their listing price last month. Honolulu also has a low percentage of reduced inventory when compared nationally. (1/14/10) - Fan and Fred: Frauds by design? More on the problems with Fannie Mae and Freddie Mac and the damage caused by the Community Reinvestment Act. (1/13/10) - A song for the Mainland weather (with a hint of Hawaii: "...waves upon a tropical shore"). This version even has a slight Hawaiian slack-key sound. (1/9/10) - Jobs gloom hits west's recovery hopes. The world economy definitely has a ways to go before we really turn the corner. (1/9/10) - Home prices fall, sales up. The December, 2009 data is out for the Oahu real estate market from the Honolulu Board of Realtors®. Here is a single page synopsis of the last 12 months. Compared to some areas on the mainland, Oahu has had a better year than many. Prices have been down but fairly stable, sales have been surprisingly active, and inventory is low. We will see what Spring brings. (1/5/10) - Explore many of Oahu's beaches via Google's Street View. Here's Waikiki Beach - Canoes. Beach-level image may take a few seconds to load. Try full-screen mode in upper right corner. (1/3/10) View Larger Map - Mortgage modifications are seen as adding to housing woes. Another government program failure. (1/2/10) - Happy New Year! (1/1/10) |
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