With the highest median home price of any state, at $522,000, Hawaii’s rebounding real estate market should even out in the near future, according to experts. Financial and property information provider Corelogic predicts Hawaii home prices will rise 3.2 percent between the first quarter of next year and the first quarter of 2014. That ranks… Continue reading 2013 Hawaii Housing Market
Category: Hawaii
Hawaii housing market
Dreaming of Paradise in Old Hawaii
It’s not easy to find paradise. When Charlene Cowan and her husband Cortney bought Macadamia Meadows Farm more than a decade ago, it wasn’t an easy journey. It took 10 years and four deals that fell out of escrow for one reason or another in Hawaii before they were able to locate the right place.… Continue reading Dreaming of Paradise in Old Hawaii
2012 Hawaii Housing Market
The Hawaii vacation home market is troubled by a double whammy, slower home and condo sales and a drop in the tourist industry in what is likely to be the most critical decline in real estate prices in generations. Home prices are slowly declining in most of Hawaii, once the top destination for vacationers. Maui,… Continue reading 2012 Hawaii Housing Market
5 States Sustain Half of Foreclosures
By Ryan Jackson Nearly half of all foreclosures in the U.S. were in the five hardest hit states in the nation during June, with California, Florida and Michigan sustaining the highest number of failed mortgages, according to real estate research firm CoreLogic. Texas and Georgia also suffered major losses in terms of foreclosed properties. Combined,… Continue reading 5 States Sustain Half of Foreclosures
Hardest Hit States Foreclosures Slow
By Ryan Jackson Three of hardest hit states in the U.S. housing downturn have seen foreclosures drop by more than 25% providing a major sign of improvement for the nation’s housing market. Formal foreclosures in Nevada, Arizona and Michigan have been reduced at the highest level since the housing crisis started more than five years… Continue reading Hardest Hit States Foreclosures Slow
California Expands Hardest Hit Homeowner Aid
By Kevin Chiu As one of the Hardest Hit states in the U.S. in the housing crash, California is expanding its $2 billion program to help homeowners avoid foreclosure. But this increase will be dedicated to helping only second home or vacation homeowners. The proceeds, originally established by the California Housing Finance Agency from proceeds… Continue reading California Expands Hardest Hit Homeowner Aid
Hawaii Condos Go to Auction
Forty new Hawaii condominiums are being auctioned-off to the highest bidder featuring cozy lanais built to capture the cool cross wind breezes of Hawaii. The Kona Island condos are being auctioned with bids starting as low as $99,000, which would be a major steal for a vacation home in the Aloha State. The two-bedroom, two-bathroom… Continue reading Hawaii Condos Go to Auction
Jumbo Mortgage Rates to Feel Little Impact
By Mike Colpitts Loan limits on jumbo mortgages are scheduled to be slashed as a result of changes required in the Housing and Economic Act of 2008. However, the impact is expected to be limited by many lenders. The Federal Housing Administration (FHA) will reduce mortgage limits on loans in the highest metropolitan areas of… Continue reading Jumbo Mortgage Rates to Feel Little Impact
Hawaii Passes U.S. Toughest Foreclosure Law
By Kevin Chiu Hawaii lawmakers followed hard hit Nevada to become only the second state in the nation to approve one of the toughest foreclosure consumer aid laws in the U.S., passing the bill as the legislature closed its latest session. Senate Bill 651 is touted as a windfall for consumers, requiring mortgage lenders to… Continue reading Hawaii Passes U.S. Toughest Foreclosure Law
Home Price Index Shows Six Month Drop
By Mike Colpitts Home prices dropped for six straight months in the U.S., declining by 5.7% on average in January compared to a year earlier, despite the federal governments home buyer tax credit, according to Core Logic. The real estate research firm gathers mortgage data for the lending industry. The drop represented a 1% higher… Continue reading Home Price Index Shows Six Month Drop