Mike Drutar REALTOR (S) e-PRO

Hawaii of course!! http://www.bizjournals.com/pacific/news/2011/11/09/hawaii-no-1-state-where-americans.html

http://realestate.yahoo.com/promo/has-the-housing-market-finally-hit-bottom.html 

We have a lot of data to look into, so let’s dive in.  We’ll start with the December data, then the 4th quarter data, then a look at the year in review and what to expect in 2012. North Kona December There were 32 houses sold compared to 36 last December, and 40 condos sold compared to 34 last year.  That’s a ...

October once again showed the market stability we have become accustomed to seeing.  North Kona had 36 residential sales, up 4 from last month and up 9 from October 2010.  There were 19 condo sales, up 2 from last month and down 1 from October 2010.  The median price of houses was $394,500, up over 6% from last month and October of ...

NEW YORK (Reuters) Former Federal Reserve Chairman Alan Greenspan predicts U.S. house prices will begin to stabilize in the first half of next year, even as he faulted the government's rescue of mortgage market giants Fannie Mae and Freddie Mac, the Wall Street Journal reported on Thursday. "They should have wiped out the shareholders, ...

The Fannie Mae 30-Year Fixed mortgage rates did improve slightly this week to 6.375%, down from 6.5% last Friday. One of the reasons for improving mortgage rates this week is that the initial jobless claims increased by 44,000 to a total of 448,000 which was higher than expected and is at a 5 year high. Tomorrow the unemployment rate and non-farm ...

Copied from RISMEDIA RISMEDIA, July 22, 2008-Nearly half of all home buyers (44%) believe the housing market will improve once the new President takes office in January, 2009, according to a new survey recently released conducted by Harris Interactive® and commissioned by Move, Inc., operator of Realtor.com®.Forty-eight percent of women ...

Copied from RISMEDIA:  RISMEDIA, July 4, 2008-For a homeowner facing the frightening threat of foreclosure, the offer seems too good to be true. A “mortgage rescue” company steps forward, claiming to be able to help you save your credit and your home.In some cases, the “mortgage rescue” company provides phantom help ...

Aloha, It sure is not fun to talk about, but in the current market we are seeing quite a few "Short Sales".  What is a Short Sale?  A short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic hardship on the part of the mortgagor.  It is the unenviable situation where someone ...