real estate: A Recession Doesn’t Equal A Housing Crisis
- 05/02/23 11:21 AM
Everywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house, this may leave you wondering if your plans are still a wise move. To help ease your mind, experts are saying that if we do officially enter a recession, it’ll be mild and short. As the Federal Reserve explained in their March meeting: “. . . the staff’s projection at the time of the March meeting included a mild recession starting later this year, with a recovery over the subsequent two years.” While a recession may be on the horizon, it won’t be one for the
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real estate: Why Aren’t Home Prices Crashing?
- 04/05/23 02:07 PM
Aloha, Lance Owens (RS) with LUVA Real Estate and our partners at KCM, there have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer (not in Kona median price last year $985k, today $1.277m ) . These changes led to a rise in headlines saying prices would end up crashing. Even though we’re no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at
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real estate: Excited To Be Featured In "12 Home Renovations That Don't Add Value"
- 03/28/23 11:22 PM
If you’ve been considering selling your home, you may be wondering which home improvements you should tackle to increase your home’s value before it goes on the market. While there are many home renovations that can add appeal to your home, it’s important to know which projects will increase your property value and which won’t. That’s why Redfin has reached out to real estate professionals like me to help you determine which home improvement projects are worth your investment. Check out my insight on 12 Home Renovations That Don’t Add Value (and What to Do Instead).
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real estate: Experience Island Living At Na Hale O Keauhou In Kailua Kona, Hawaii
- 03/03/23 05:08 PM
Aloha, Lance Owens (RS) with LUVA Real Estate with our latest condo review. Nestled in the charming town of Kailua Kona, Na Hale O Keauhou is a beautiful condo complex that offers residents an unparalleled island living experience. With its luxurious amenities, serene environment, and convenient location, it's no wonder why this gated community is highly sought-after. Location and Amenities Located in the heart of Kona, Na Hale O Keauhou is just minutes away from the Keauhou Shopping Center, where residents can find a wide variety of shops, restaurants, and services. For outdoor enthusiasts, the complex is surrounded by stunning beaches, hiking trails, and
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real estate: 2023 Housing Prediction..West Hawaii
- 12/30/22 02:37 PM
Do you think the turtle has any foresight on what to expect.... Aloha, Lance Owens (RS) with LUVA Real Estate bringing you the latest in real estate news and now today - predictions also? I am going to start out with past performance and dismiss all the bait/click headlines out there that tell us the sky is falling, yet by the end of the article they have provided little or no proof as to what the headlines claim, just this morning I seen one that screamed it is the worst since 1990... and at the end of the article it said house prices
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real estate: Is It Enough To Offer Asking Price in Today’s Housing Market? West Hawaii and National
- 04/27/22 11:02 AM
Is It Enough To Offer Asking Price in Today’s Housing Market? West Hawaii and National Numbers. Lance Owens Lance Owens Your 2022 go to real estate expert for the Big Island of Hawaii -37 years in Hawaii, the last 22 in Kona. Local Expertise you can count on. Published Apr 27, 2022 + Follow Aloha, Lance Owens (RS) with LUVA Real Estate and our Partners at KCM bringing you the latest in real estate news and trends. If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. (Read my article on
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real estate: June Market Report - North Kona, Hawaii
- 07/08/21 10:24 AM
Aloha, Lance Owens (RS) here with LUVA Real Estate bringing you our monthly sales report. Talk about some crazy numbers, let's start with...... "Absorption Rate": The term absorption rate refers to a metric used in the real estate market to evaluate the rate at which available homes are sold in a specific market during a given time period. It is calculated by dividing the number of homes sold in the allotted time period by the total number of available homes With that said, it is generally understood that anything under 15% is a buyers market, anything above 20% is a sellers market. Lets roll back a few years, and we
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real estate: 2020 Third Quarter Buyers Guide - Just Released !
- 09/22/20 04:33 PM
We are excited to announce the Fall release of our valuable "Buyers Guide" ! Like we even have a "Fall" in Hawaii ! Just know that this new guide is up to date with current market conditions, how covid is affecting things like mortgage rates, home prices, and so much more. Also see what the experts are forecasting for the future. Just click the guide below, you don't have to register or give any personal information, but we do encourage you to sign up for our MLS Concierge Service and get Listing Updates sent to you instantly.
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real estate: Hows Your Market? West Hawaii Home Sales UP 41%
- 11/05/19 09:37 AM
West Hawaii SFH sales show an increase of 41% over October 2018. Here is a surprise though, Condo sales are off by <11%> . WoW, that surprised me. Hold on, let me go look at 2017 numbers....... Im back, when comparing to 2017 numbers, we are down 2% , the reason I go back to 2017 is that 2018 had an "event" that brought property sales to screeching standstill, so I typically go back to 2017 for the second half of 2019 . Note though, with our "2108 event" dropping the number of sales, it had little effect on prices, so let's
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real estate: A Latte A Day Keeps Homeownership Away [INFOGRAPHIC]
- 08/26/19 02:28 PM
A Latte A Day Keeps Homeownership Away [INFOGRAPHIC]Posted on August 26, 2019 - 11:50 AM by Lance Owens Aloha, Lance Owens (RS) with LUVA Real Estate her to talk about some basic real estate 101 - Down Payment. SOME HIGHLIGHTS: The pumpkin spice latte is launching soon, so you may be tempted to spend your extra cash on a daily caffeine fix, but that small expense can add up to a big number – fast! Saving for a down payment takes a little discipline, so limiting your extra purchases (like a latte a day from your favorite coffee shop) will help you get there
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real estate: REALTORS,® “That’s Who We R® Handyman Exemption Passes
- 07/14/19 03:18 PM
Exciting news, after years of going to Washington DC and our State Capitol to advocate for homeowners rights, we have another victory under our belt, oh, it's nothing as big as our wins for, Fair Housing, National Flood Insurance Policy, Mortgage Tax Deductions, in fact it's a rather small victory, a local win, but is a good one and long overdue! Handyman Exemption : (Senate Bill 767, CD1 - Act 283 07/10/19) Raises the handyman exemption from $1,000 to $1,500. The handyman exemption enables persons other than licensed contractors to perform tasks for which the aggregate contract price is less than $1,500. However this
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real estate: Hawaii's New Short Term Rental Ordinance - News and Updates July, 2019
- 07/11/19 02:32 PM
I wanted to share a few takeaways from yesterday's meeting with the planning department. First, a Bill becomes an ordinance once it goes into law - prior to, they are always bills - that’s the reason for the change from Bill 108 to the Ordinance 18-114 . Big Mahalos to the West Hawaii Association of Realtors (WHAR) for being at the forefront of this, and the Planning Department (PD) for their participation, Thank you WHAR members, Mike Drutar, Marissa Ashley, Brian McCourt, Karin Shaw, Linda Swanson and from the planning department, thank you Libby Gillis and Michael Yee. Disclaimer, this is NOT A LEGAL Opinion, do not base
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real estate: 1938 Charmer, Plantation Home In Hawaii
- 03/12/19 06:27 PM
Lance Owens (RS) | 808-936-8383 52-175 Makapala Rd Parcel 1, Kapaau, HI 96755 MLS No: 623727 Single Family Home $795,000 Bedrooms: 3 Bathrooms: 1 full, 1 half Year Built: 1938 Sq Footage: 1542 Lot Size: 2.69 acres County: Hawaii CountyDESCRIPTION Kapa’au, Upcountry setting in the North Kohala – Sale includes 2 CPR parcels totaling 2.69 acres, Plantation Home, Ag shed, exotic blend of fruit and nut trees: ulu/bread, avocado, star, orange, tangerine, banana, mac-nut, coconut, lemon, lime, lilikoi, papaya, noni, mango), all in a park like setting with gentle, rolling terrain. Parcel 1 (TMK 3-5-2-11-5-1) includes the 1938 Plantation home
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real estate: Economic Recovery from Volcano, Slower for West Hawaii
- 10/22/18 01:39 PM
Aloha and good morning Kona. (photo above from this morning) As I sit here putting together my (WHAR) Presidents report for the State board “Hawaii Association of Realtors” (HAR) I surprised myself with some of the numbers, so much so I thought I would share them with you. As Puna was taking the physical brunt of the damage from the worst lava flow in recent history, there was a silent devastation happening on the west side of the island, so silent most of us missed it as we helped our neighbors on the east side. I am going to point to 2 of
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real estate: Buying A Home? Do You Know The Lingo?
- 10/12/18 10:07 AM
Some Highlights: Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home. The best way to ensure that your home-buying process is a confident one is to find a real estate professional who not only puts your family’s needs first, but will guide you through every aspect of the transaction with ‘the heart of a teacher.’
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real estate: Hawaii Finally Has a Client Portal For Our MLS!
- 06/19/18 12:00 PM
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real estate: It's Here.... Hawaii's 2018 Spring Buyers Guide
- 03/25/18 12:41 PM
Aloha and Mahalo for checking out our new e-guide to buying real estate in Hawaii. Kimi and Lance represent buyers and sellers here in West Hawaii and have a great knowledge in Homes, Condos, Vacation Rentals, and Vacant Land. The process of buying a home can be overwhelming at times, but you don’t need to go through it alone. You may be wondering if now is a good time to buy a home… or if you should continue renting. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should
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real estate: Aug 2017 Kailua Kona, Hawaii Real Estate Market Report [Infographic]
- 09/22/17 04:22 PM
Aloha, Lance Owens (RS) with LUVA Real Estate, bringing you today's "Real Estate" minute. We just received the August numbers, actually we just recieved the "corrected" August numbers. The Big Island Housing Market is still very hot, take a look for yourself. Feel free to set up an appointment with us and we can look and see what these numbers mean to you, whether you are selling or buying.
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real estate: OPEN HOUSE Saturday from 9-1 (9/2/17)
- 09/01/17 03:10 PM
Lance Owens | 808-936-8383 77-6460 Sea View Cir, Kailua-Kona, HI 96740 MLS No: 608745 Single Family Home $468,000 Bedrooms: 3 Bathrooms: 1 full, 1 half Year Built: 1975 Sq Footage: 1080 Lot Size: 0.1906 acres County: Hawaii County DESCRIPTION One of the best priced homes in Kona, with ocean views, fenced, level and ready to move into! Note the front and backyard are fenced with extensive rock walls and decorative wood (great for the pets and/or little ones) Recent remodel with open air kitchen. Large living room that opens into enclosed lanai with ocean and sunset views. Open beam
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real estate: Mortgage Interest Rates Just Went Up… Should I Wait To Buy?
- 11/29/16 09:14 AM
Posted on November 29, 2016 - 07:03 AM by Lance Owens Mortgage Interest Rates Just Went Up… Should I Wait To Buy? Tuesday November 29th, 2016 First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers Aloha, Lance and Kimi here from LUVA Real Estate bringing you your real estate minute. Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks.Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact they may no longer be able to get a rate
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