Hawaii's Real Estate Market is holding up brilliantly! In relation to "parts per million", Foreclosures are low compared to other parts of the nation. Don't scold me if I am wrong, but I believe there were less than 200 foreclosures last month. We are ranked really low in the nation. I think FLA CALIF and NEVADA are the leaders.
If you will look at my 2008 Forecast, it pretty much covers 2009. Still the same. This year will be a 4-6% decline in values and the number of sellers are greater than the number of buyers. This is all based on what the lead bank and real estate economist say.
2010 is still on target for the market to begin it's slow assent. NOW is TRULY the window of opportunity if a seller wants to move up or if a buyer is ready.
Example: I have a SMART seller who now has me on the lookout to help him find his family, their next "MoveUP" home. Once they have purchased and moved to their new home, the husband and his friends will go back to the former house, paint, fix, repair and we will rent it out for a year or two. When the market has REBOUNDED, they will sell that home. Of course, there is tax planning to consider, but they have a CPA to consult on that issue.