Comments on: April Housing Sales http://islandrealestate.honadvblogs.com/2008/05/01/april-housing-sales/ Thu, 28 Aug 2008 00:07:59 +0000 http://wordpress.org/?v=2.3.3 By: C.W. http://islandrealestate.honadvblogs.com/2008/05/01/april-housing-sales/#comment-228 C.W. Mon, 05 May 2008 18:24:54 +0000 http://islandrealestate.honadvblogs.com/2008/05/01/april-housing-sales/#comment-228 Retiring boomers, foreign investors, cheap dollar will make Hawaii go BOOM again in a few years. Just take a look at the high end condos built in Waikiki and Kaka'ako in the last 5 years. All nearly sold out, plus Trump is moving in. News reporting in U.S. tends to only focus on the negative, regarding the economy, but don't be fooled, there are millions of people who are quite well off, and many will be looking at Hawaii to retire, or buy 2nd homes. Retiring boomers, foreign investors, cheap dollar will make Hawaii go BOOM again in a few years. Just take a look at the high end condos built in Waikiki and Kaka’ako in the last 5 years. All nearly sold out, plus Trump is moving in. News reporting in U.S. tends to only focus on the negative, regarding the economy, but don’t be fooled, there are millions of people who are quite well off, and many will be looking at Hawaii to retire, or buy 2nd homes.

]]> By: Harvey Shapiro http://islandrealestate.honadvblogs.com/2008/05/01/april-housing-sales/#comment-215 Harvey Shapiro Fri, 02 May 2008 18:29:15 +0000 http://islandrealestate.honadvblogs.com/2008/05/01/april-housing-sales/#comment-215 Thanks for your question, Richard. I believe the answer is YES, given historical facts. This past run-up in prices was fueled by cheap financing costs, but this wasn't the case in earlier periods. The prior boom was the Japanese bubble in 86-90 and this had nothing to do with US mortgage rates. If history repeats, we have another couple years of softness before something else will cause prices to increase... Thanks for your question, Richard. I believe the answer is YES, given historical facts. This past run-up in prices was fueled by cheap financing costs, but this wasn’t the case in earlier periods. The prior boom was the Japanese bubble in 86-90 and this had nothing to do with US mortgage rates.

If history repeats, we have another couple years of softness before something else will cause prices to increase…

]]> By: Richard http://islandrealestate.honadvblogs.com/2008/05/01/april-housing-sales/#comment-213 Richard Fri, 02 May 2008 15:09:16 +0000 http://islandrealestate.honadvblogs.com/2008/05/01/april-housing-sales/#comment-213 Harvey, Loan companies made it easy for "subprime" candidates to get home loans. Given the federal govt and loan companies will tighten their lending practices from hereon to forever, can one expect real-estate prices to have a huge run-up as they did in the past few years? Harvey,

Loan companies made it easy for “subprime” candidates to get home loans. Given the federal govt and loan companies will tighten their lending practices from hereon to forever, can one expect real-estate prices to have a huge run-up as they did in the past few years?

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