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California Home sales off 1/3 in December!!!!!! - 01/29/08 07:52 PM
Wow, it's worse than I thought, According to the California Association of Realtors home sales are off 33% in December as compared to December of 2006. Prices are not off that bad, dropping only 16 1/2 per-cent. Prices in the Bay area are holding better with a comparable drop of only .2%. I think Uncle Sam is priming the pump for a temporary fix though with FHA incrasing the loan ceiling for qualified buyers and the cuts in the interest rate. Cash rebates to selected taxpayers or non-taxpayers will pump additional liquidity into the economy. Pretty soon these will take hold. (6 comments)
Real Law Central -- LAWYERS want our Commissions - 01/22/08 04:44 PM
I put a blog in Active Rain yesterday concerning a really urgent issue. The legal community in Hawaii has done an end run on us that will allow them to take a huge chunk of an agent's commission if their initiative passes. Every Realtor needs to pay immediate attention to this issue. See my BLOG below on URGENT ACTION REQUIRED. I can't overestimate the need for everyone to do something about this NOW. It's interesting that the Legal Profession read my blog even if not many of us in the real estate industry did. Seems as though I might be quoted (0 comments)
URGENT - ACTION REQUIRED NOW! - 01/21/08 02:02 PM
The Hawaii State Bar Association is muscling in on the Real Estate Business in Hawaii BIG TIME! Hawai'i Rules of the Supreme Court, Proposed Rule Regarding the Unauthorized Practice of Law The Legal Profession has just done an end run on us in Hawaii. They are proposing that the Hawaii Supreme Court Change the Rules in a way that would require every real estate agent to insert the services of a lawyer into every transaction that would be done in the State. This is a blatant attempt by the legal community to insert themselves into the real estate and other businesses (14 comments)
Kailua Sunrise - 01/19/08 09:08 PM
A Sunrise in Kailua is like none anywhere in the world! It is just and absolutely splendid. It is not unusual for us to awaken to a site like this from our home in Kaimalino in Kailua! What a wonderful place to live. We are generally favored with this kind of view in the winter when we have a little more rain than usual and temperatures in the mid 70's during the day. Evenings are another matter! Temperatures dive to 65 degrees and we absolutely freeze! It's tough to have to put on sweats or a jacket and long trousers to (23 comments)
Hawaii "Big Island" Home Sales - 01/14/08 01:57 AM
Just by way of comparison with the earlier report on the home market on Kauai, Sales on the Big Island of Hawaii show a very different trend. Sales of single-family homes there fell 20 percent and prices are off 6 percent. Condos show a similar trend with sales off 31 percent while median prices are off about 8 percent. Clearly, each Island has its own market. We are still having great business here on Oahu, but even still the number of homes, both single family homes and condos are off pretty substantially but prices are holding reasonably firm. Our agents are staying (2 comments)
Kauai Real Estate Market - 01/14/08 01:42 AM
Some pretty interesting stuff going on in the real estate market here in Hawaii. There are some indications that off island money is starting to come into the market in increasing amounts as evidenced by some recent advances in prices. Kauai is noteworthy in this regard as condo prices there are up 40 percent last year, even if the number of sales is off substantially. Single Family Home Prices there are holding firm with prices off a paltry 4%. On Oahu, our Property Managers are getting a lot of units from would be sellers who are simply not willing to reduce their prices (2 comments)
Bureau of Conveyances to Automate - 01/11/08 02:30 PM
It appears that we may get our Hawaii State Bureau of Conveyances to move into the modern era as they are planning to convert to an on-line records system. This will allow owners to opt out of a manual process beset with bureaucratic logjams of the first order. This may also help with the identity theft issue. Thank heaven for the task force that was convened by the DLNR that includes professionals from title companies, banks, lawyers, labor, the Hawaii Association of Realtor (HAR). This is long overdue. Governor Lingle is pushing this with the legislature. If you are so inclined, it is always (0 comments)
Tax Legislation Kicking In in 2008 - 01/04/08 03:15 PM
There are a couple of new laws taking affect this year in Hawaii that we all need to know about. Our legislature passed two tax cut laws last year that will grant a tax credit up to $160.to our low end wage earners The state will try again to regulate health insurance rates. I would guess we can look for several of our health insurers to pack their bags and go! I hope we will be able to get them back when the unintended consequences of this kind of legislation becomes evident to the geniuses in public office in Honolulu. From another front, a one-hundred per-cent (6 comments)
Home Sales are Off, Prices Up - 01/02/08 07:35 PM
According to the Honolulu board of Realtors, HBR, single family home sales on Oahu are off 10% in 2007. Condo sales were off almost 14% in the same period. Median prices for Single Family Homes were up 2.1% and Condos up 4.8% for the same period. This kind of reduction in the number of homes sold makes life a little difficult for our sales Agents, but in the main most are still doing pretty well. Our guys are just working harder and smarter to be sure that they are keeping their businesses working. One might wonder if this might indicate a slowing in our (4 comments)
This is a company BLOG for RE/MAX Kai Lani of Kailua, Oahu, Hawaii. The BLOG is designed to provide information on the Real Estate Market and Home Rental Market in Hawaii. We have a fantastic Web page at www.remaxkailani.com. Check out our Links! There is something for everyone.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.