In support of the housing market and pending deals nationwide, the House and Senate have pushed through a three-month closing extension for the homebuyer tax credit. On Friday July 2nd, President Barack Obama this morning signed HR 5623, the “Homebuyers Assistance and Improvement Act of 2010,” a three-month extension on the closing deadline for first-time [...]
Military and certain other federal employees have until April 30, 2011 to buy a home that qualifies for the federal first-time home buyer credit.
The Honolulu Board of Realtors’ April 2010 stats are out and once again sales volume is up. Continuing on strong momentum from March, single family home resales were up 52% and condos up 48.3% from last year! Buyers took advantage of discounted prices as the median sales price for homes were down 6.2% and condos [...]
The sales volume on Oahu continued to gain steam outpacing 2009 again. Single family home sales were up 32.1% and condo sales were up 36.4%. Prices were also slightly up with 4.2% appreciation on homes and 3.3% appreciation for condos. While volume and prices were heading up, inventory was down 23.8% across the board compared to [...]
If “the economy helps housing,” Honolulu’s housing market may be in for a rebound. Honolulu Now Ranks 6th in the Nation for Economic Growth According to an article in today’s paper, Honolulu is ranked 6th in the nation for metro areas. The report was composed by the Brookings Institution. Coupled with low inventory, it will [...]
At least 33 homes have already sold in Kohala since July 2009, compared with only 7 in the previous 12 months. The Kohala Coast—the area surrounding the rural towns of Hawi and Kapaau on the Big Island—will always be a desirable place to live. After a slow year, more and more buyers are finally able [...]
In just one month, Waikoloa Village homes saw their value go up by 20%. March sales numbers are in for homes in this Kohala Coast community. While the overall number of sales—five for the month—was on track with January and February, the average price increased from $333,722 for the 1st two months of 2010 up [...]
Register for our seminar entitled HOME OWNERSHIP 101 on Kauai: I’ll be facilitating a seminar for 1st time home buyers and homeowners entitled Home Ownership 101, for those who wish to learn about purchasing a home. We’ll also cover the state of the Kauai real estate market and the types loans available including FHA and VA loans. [...]
Wednesday morning our local newspaper’s front page reported that for the month of November 2009 real estate sales on the West side of the Big Island were stronger in most areas and categories than in the same month a year ago. I know the Hawaii Life Big Island team contributed to those statistics! Some of [...]
Every now and again at Hawaii Life, we express our “unified” core value by collaborating with other professionals in the Real Estate Industry outside of our corporate domain. Today it is our pleasure to invite Cindy Stone, a Home Loan Consultant with Central Pacific Home Loans, to explain the latest in Tax Credits for Homebuyers. [...]
The Senate this evening approved a bill that extends several measures regarding the first time homebuyer’s tax credit which are designed to spur the economy and help people who have lost their jobs, including a provision that will extend unemployment benefits for up to 20 weeks in states with high unemployment rates. This represents Congress’s [...]
The first time homebuyer tax credit will soon be expiring. Buyer’s need to purchase before December 1, 2009 to be eligible. Well since we’re only September, you may think you have plenty of time… WRONG! Most Purchase Contracts (with financing) on average will take 45 days, if not longer with new regulations for appraisers in [...]
A short but interesting article that suggests Oahu real estate may be stabilizing was released by CNBC yesterday. Looking at the statistics for Oahu, we see that homes sales are up 9.5% from January to June 2009 compared with the same time last year. This comes out to 254 houses sold in 2009 vs. 232 [...]
First Time home buyer’s credit can help first time buyer’s with their downpayments.
If my last post about falling Hawaii mortgage rates wasn’t enough to get you think about buying a home, how about $8,000 to subsidize the cost of your home? President Obama is giving an $8,000 tax credit for first time home buyers. Read the full story
HAWAI'I LIFE