Hawaii home sales are steady, with tax break or not
When economist Paul Brewbaker cracked this week that the government’s $8,000 tax credit for first-time homebuyers affected only a handful of sales in Hawaii, no one in the audience of several hundred real estate executives disputed it. For all the hoopla last month about the burst in sales generated by the tax credit, it’s difficult to assess whether it’s driven many Hawaii sales. While some Realtors say they had several first-time buyers close sales in the past month, others said they’re actually seeing investors return to the market. The tax credit was due to expire on Monday but has now been extended for six months. Either way, the fact remains that sales have been steadily rising since bottoming out at the start of 2009. Rest of Story.....
Mahalo For Reading.
If you or anyone you know is thinking about buying or selling a condo in Honolulu, Hawaii, it would be my pleasure to help.
Douglas Fischer, R.A., REALTOR, ePro, C.D.P.E.
RE/MAX Honolulu
www.HNLCondos.com
808-497-3810
Douglas@HNLCondos.com
Douglas is an experienced and respected Honolulu, Hawaii Realtor Associate, in partnership with his Japanese speaking partner, Christopher Sumida, who specialize in residential Real Estate and the sale of Condos in the greater Honolulu area including the neighborhoods of: Waikiki, Diamond Head, Ala Moana, Kakaako, Kapiolani, Makiki, Chinatown and Downtown Honolulu.
I gotta think your market will be one of the first to return to an upswing.
Sales here also seemed to have bottomed in January 2009 since they have been steadily rising since then. They say (and I don't know who "they" are) that whether good or bad, things start in Hawaii and California and then move to the rest of the nation.
Max, Russel - Thanks for your observations. I remain thankful that things appear to be improving in both Hawaii and California. And, I do believe that will be followed by improvements in the rest of the country.