A Stabilized Housing Market?
Economist Scott Grannis, in his excellent blog, Calafia Beach Pundit , uses the charts below to point to the fact that, after falling by about one third, home prices have remained steady for the past year. This, he argues, combined with reduced inventory and low mortgage rates, indicates a stabilized housing market . Some good news!
Chart showing the inflation adjusted prices for homes in the 10 top metropolitan areas since 1987.
Chart showing inflation adjusted prices for homes in the 20 top metropolitan areas since 2000.
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About Dan Fumento, R(S) and Marion Fumento R(S)
Dan grew up in the New York City area and received a degree from Syracuse University. He managed a successful software training company in Silicon Valley before starting his own advertising and marketing agency in 1987 in San Jose, California. By 1998 he, his wife Marion and their two sons had moved to Fort Collins, Colorado and opened two very successful retail stores in the Northern Colorado area. Dan has been involved in buying and selling real estate since 1981 in Northern California, Southern California, Colorado and Hawaii.
Dan enjoys golf, reading, writing, snorkeling, travel and serious beach time.
Marion grew up in Oklahoma and Northern California and studied languages at Oklahoma State University. Marion and Dan moved to Hawaii full time a few years ago for the lifestyle, the beauty of the island, and the climate, and enjoy snorkeling and swimming at the beginning or end of their busy work days. She and Dan now partner together at Hawaii Life as Real Estate Agents.
Marion enjoys golfing on the many gorgeous courses or taking her Hobie Mirage Oasis kayak out for a spin to see the whales.
“We’ve had a second home on the Big Island for years and always dreamed about moving here full time. Now that we’re here, we love introducing people to the Big Island lifestyle and taking the time to help them find that primary or second home that’s just right. We own three properties on the Big Island and we’re happy to pass along our expertise in owning vacation rental property.”
Get in touch: (808) 430-0372, Blog
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