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Oahu Real Estate Market Is on Fire - FTHB Credit May Be Credited

By
Real Estate Broker/Owner with Hawaii Life Real Estate Brokers RB 20262

Wow!! That first time homebuyer's (FTHB) credit has really started things on a roll with the Oahu real estate market. Full price, close to full price or multiple offers on just about all Oahu homes for sale under $650K. The market in the $650K to $800K price range doing well too! And the last few weeks, Oahu homes for sale going into escrow in record time. Only things in really bad condition or very overpriced are staying on the market. Most first time home buyers have gotten in, but still a few stragglers... Might now be too late to close by Nov. 30.

Now, the next round of buyers are those who have sold to FTHB and who are trading up or downsizing. And many need to find something fast. Hoping that this will gain a little momentum and activity will stay steady over the holidays. Typically, there is not as much inventory, but with a few more tradeup buyers in the market as a result of the FTHB activity, we may still be seeing some more price pressure and multiple offers this holiday season. Stay posted for the latest statistics posted at www.HomeShoppeHawaii.com.

Waiting to see what next year has in store for homebuyers... another credit??? 

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Yvonne Ahearn Honolulu Real Estate Kailua Realtor Honolulu Realtor Homes in HawaiiYvonne Jaramillo Ahearn, Esq. (B), REALTOR
Principal Broker, CRS, GRI, ABR, CLHMS, e-PRO
808-721-8088
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Award-winning, Full-service Real Estate Brokerage, Serving All Areas of Oahu, including Honolulu, Kailua, Hawaii Kai, Waimanalo, Kaneohe, North Shore & the Windward Coast

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