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 June, 2010 « Next month - Current mortgage rates are lower than they have been for decades. (6/24/10) - The Honolulu City Council is considering tightening the rules allowing residential use of agricultural land which can result in estates sprouting on farmland. (6/21/10) - For Kamehameha Day, here is the street view of his statue in Honolulu. The building in the background is Ali'iolani Hale and is the current home of the Hawaii State Supreme Court. Using the image controls you can rotate around and see Iolani Palace across the street. Try it full-screen with the button in the upper right corner. (6/11/10) View Larger Map - The May sales numbers for the Oahu real estate market have been released by the Honolulu Board of Realtors®. Here is a single-page set of charts showing the last 12 months of data. The number of sales went down, median prices went up (but are still close to the band of prices for the last year) and inventory went down. So, a mixed month and somewhat neutral. The end of the buyer tax credit may still effect pricing and sales activity in coming months. One measure of sales activity is the number of listings that are in-escrow which are called pending sales. The chart on page six of the following HBR link shows that pending sales dropped significantly in May. Here are the full HBR stats for Oahu, individual neighborhood data is available here and local coverage of the latest data can be found here. (6/8/10) - For the fourth consecutive week, the number of borrowers applying for purchase mortgages has declined. Mortgage purchase applications at lowest level since April, 1997. (6/2/10) - To learn more about our 50% Oahu Buyer Rebate* and the savings it offers buyers on their real estate purchases, including Honolulu homes and Waikiki condos, properties from Honolulu to the North Shore, Kailua to Kapolei, and across all Oahu, please click here. |
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