kona home team

Do you ever wonder who is buying what, and with what? CASH? FHA? CONVENTIONAL? USDA? VA? 

Well - I do, so I took a look at recent sales in Kailua Kona, Hawaii, just to see what the reports say. 

You have to wonder, with all this bailout money going to the banks - there's got to be tons of buyer's - getting great loans - RIGHT?  

THINK AGAIN - The bailout money is going to pay down the banks bad debts, pay off the bonuses, but they sure aren't loaning money like they should be. I can name several recent deals where the buyers had excellent credit - high 700s, low 800s, 30% cash down, and they were put through the wringer - 70, 80 + days to "close" - come on? I know the banks are doing lots of refi's, but thats not getting the economy moving? Dont get me wrong, I'm all for the refi's - but lets give loans to well deserving buyers also , ------- ok, ok, before I go on, let me put my facts where my mouth is. 

I just pulled 1 month of recent sales - NOVEMBER 2011  - 49 sales 

Out of the 49 sales

VA Loans = 1 

USDA Loans = 1

FHA Loans = 1

Conventional Loans = 22

CASH = 24 

Does this look right, do the numbers seem like they are distributed fairly?

Is this just the "New Economy" ?

I'll just let you "Think about it"    

 FYI - I looked at the exact same month 5 years ago 

VA Loans = 0 

USDA Loans = 0 

FHA Loans = 0 

Conventional Loans = 32

CASH = 7 

Think about it


 

 

 

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Lance Owens (RS)

(808) 936-8383

Lance@KonaHomeTeam.com

www.KonaHomeTeam.com

LUVA Real Estate 

75-240 Nani Kailua Dr #8 , Kailua Kona, HI. 96740 (Pines Plaza) 

 
Posted by Lance Owens (RS) Kailua Kona, HI (808) 936-8383 on 01/04/2012 01:49 AM   Comments (2)   Mortgage Market Commentary in the ActiveRain Channel   loans, mortgage, rates, cash, usda loans, va loans, kailua kona, hawaii, hi, lance owens, refinancing  
Short URL: http://actvra.in/qFF

2 Comments on CASH? CONV? FHA? VA? USDA? Who is buying what in the Hawaii Real Estate Market

JAN
04
2012
959,150 Points 53 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Lance, it is fun to look to see how buyers are buying and with what!   The higher the price, the more cash deals you will see!  
11:08am • #1
230,505 Points 2 Featured Posts

Thanks Joan, its so true, most of the higher end deals were all cash. 
1:21pm • #2


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Lance Owens (RS) Kailua Kona, HI (808) 936-8383

Lance Owens (RS) LUVA llc Real Estate

Kailua Kona, HI

More about me…

LUVA Real Estate

Address: 75-240 Nani Kailua Dr #8, Kailua Kona, HI, 96740

Cell Phone: (808) 936-8383

Email Me

Luxury Real Estate Sales, News, Market Reports, for the Kailua Kona area, West Hawaii, Mauna Lani, and Waikoloa Beach Resort areas. Specializing in Cooperative Short Sales.


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