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	<title>Comments on: Condominiums in Moanalua-Salt Lake</title>
	<link>http://islandrealestate.honadvblogs.com/2008/05/16/condominiums-in-moanalua-salt-lake/</link>
	<description></description>
	<pubDate>Sat, 11 Oct 2008 19:03:28 +0000</pubDate>
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		<title>By: Russ</title>
		<link>http://islandrealestate.honadvblogs.com/2008/05/16/condominiums-in-moanalua-salt-lake/#comment-254</link>
		<dc:creator>Russ</dc:creator>
		<pubDate>Sun, 18 May 2008 15:56:32 +0000</pubDate>
		<guid>http://islandrealestate.honadvblogs.com/2008/05/16/condominiums-in-moanalua-salt-lake/#comment-254</guid>
		<description>"asking prices have not budged"....

With 34.1% more inventory from last year, it's only a matter of time before they have price drops and start chasing.  If their realtors want to do them any favors, they should not kid their clients and pretend they can get what last year prices were.  The market needs to naturally correct.  To some degree, this is happening on the mainland and needs to happen here.  Analyst and economist have warned sellers and realtors that any false "shoring" of the market will only prolong the inevideble natural decline.  Imagine, the people who are selling their Moanalua condo must be selling for a reason.  I suspect it's AMRS and inflation.  Sitting on the market for the next year chasing will only result in bad relationships between realtor and client.</description>
		<content:encoded><![CDATA[<p>&#8220;asking prices have not budged&#8221;&#8230;.</p>
<p>With 34.1% more inventory from last year, it&#8217;s only a matter of time before they have price drops and start chasing.  If their realtors want to do them any favors, they should not kid their clients and pretend they can get what last year prices were.  The market needs to naturally correct.  To some degree, this is happening on the mainland and needs to happen here.  Analyst and economist have warned sellers and realtors that any false &#8220;shoring&#8221; of the market will only prolong the inevideble natural decline.  Imagine, the people who are selling their Moanalua condo must be selling for a reason.  I suspect it&#8217;s AMRS and inflation.  Sitting on the market for the next year chasing will only result in bad relationships between realtor and client.</p>
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