Where do we go from here?

By
Real Estate Broker/Owner with RE/MAX Kai Lani

Well, here we are on the day after a "safe and sane" July 4 holiday.   Back to reality for awhile.   Crude oil prices are now our top economic concern, outweighing the housing market and credit problems.  I guess this means we can now focus on selling homes in a new environment?    Maybe the FED will hike rates soon just to keep things interesting?   It seems that the experts, whoever they are are looking for a couple of hikes before the end of the year, just to keep us on our toes.   Ahhh, life is good if we don't weaken.   Of course, the price of gas could fall precipituously by then and thus, they wouldn't know what to do?   Think that might happen?   Ah my, what a good life!  

 

RE/MAX Kai Lani  -- 25 Kaneohe Bay Drive #109  --  Kailua, HI 96734  --  808-237-5300

Comments (15)

Hugh Krone
Weichert Referral Associates - Hamburg, NJ
Realtor, Sussex County NJ

I was thinking of becoming an expert but I just don't have the money for a lobotomy right now

Jul 05, 2008 01:22 PM
Kai Lani
RE/MAX Kai Lani - Kailua, HI
RE/MAX

Hmmm, I will have to ponder that!   Lobotomies are cheap.  All you have to do is quit your real job and join the government as a "Servant of the People"!   They throw in the lobotomy for free when you sign up.  Isn't it wonderful that we have such a fine system looking out for our every need?   Kai

Jul 05, 2008 01:28 PM
Randy L. Prothero
eXp Realty - Mililani, HI
Hawaii REALTOR, (808) 384-5645

I think gasoline will be a huge issue in this election.  I think that one of the candidates is not getting it.  The other kind of gets it.

Jul 05, 2008 05:42 PM
Kai Lani
RE/MAX Kai Lani - Kailua, HI
RE/MAX

Hi Randy!  You got it!   I kind of think they can't do anything about it even if they do get it.   At least, they can't do much about it in the short run.   Ahhhh, makes a person stop and think a little harder before running back and forth to to meet with clients and do some of the other stuff that we do in this business.   Ah, such fun!   Kai

Jul 05, 2008 05:58 PM
Kevin Robinson
Twin Falls, ID
Fractional Developer

Randy you are on track with me on this one. We will see if the candidates "wake up".

Jul 06, 2008 12:52 AM
Mike Saunders
Lanier Partners - Athens, GA

Randy - I have not been able to get the Alan Parsons Project song out of my head since reading the title of this post.

It's just all part of the games governments play to maintain and increase control over their constituents.

Jul 06, 2008 01:10 AM
Matthew Zgonc
Aksland Real Estate - Modesto, CA
Realtor, CFS, CVS

I feel that the price of gas will not fall substantially by the end of the year. I remember 11 years ago when we were spending 93 cents a barrell and  the Middle East was freaking out because oil prices were too low. Gas companies and oil companies have too much profit to lose.

Jul 06, 2008 03:00 AM
Kai Lani
RE/MAX Kai Lani - Kailua, HI
RE/MAX

It surely is hard to keep up with all you fast thinkers.   Perhaps our politicians will wake up?   What, Kevin, do you propose they do?    Seems as though they are between the proverbial "rock and a hard place" on this one.  It also seems as Mike proposes, that they may have been caught up in their own game they perpetually play to extract more control over the economy, a huge engine that they can only foul!    Matthew correctly notes that the price of gas will not fall substantially by the end of the year.   All these things given, what does the hapless Realtor, caught up in these events, do to keep putting people in new homes at such times?   Kai

Jul 06, 2008 06:02 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

The price of gas is lower now but still way above last years price. We have to look at hybrid cars becoming less expensive to buy.

Aug 06, 2008 11:04 PM
Lynn911.com ~ Dallas Real Estate Agent Top Team
Dallas Houses for Rent Dallas Apartment Rentals Lynn911.com - Dallas, TX

GREAT blog for the a/r community,  Have a wonderful weekend.

Sep 18, 2008 02:12 PM
Kai Lani
RE/MAX Kai Lani - Kailua, HI
RE/MAX

Hi Lynn!   Great to have you come by!   Kind of makes me sad not to have a more current post, but gee, there have been so many people moving homes from "for sale" to "for rent" that I am going quite nuts with business.   I am surely glad that gasoline is coming off those ultra high prices a little.  

Have a great and wonderful day.   Jerry

Sep 18, 2008 03:22 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Hope the market improves in your area. I have had many people who were looking to buy decide to rent for another year.

Sep 18, 2008 11:28 PM
Kai Lani
RE/MAX Kai Lani - Kailua, HI
RE/MAX

Hi Gita, I can heartily agree that it's time to relook the cars we drive, but the Big Boys in Town had best start doing some research on alternatives.   While this seems to be gaining traction in the country's thinking, the impact of the recent economic issues seem to have eclipsed everything.  

Lots and lots of people holding off for that "another year" you mention!   Kai

Sep 19, 2008 05:19 AM
James G. Pycha
James Pycha (R) - REMAX KAUAI - Princeville, HI
(R), REMAX Kauai Broker

Thank you for your post.  This is quite a period to get through but it will pass. Meanwhile, what do find is the general sentiment with the buyers you encounter on your Island?  Here Its pretty much dead flat but the Buyers are extremely picky and hard to get "on paper."

Aloha

James Pycha (R)

REMAX Kauai

Oct 15, 2008 07:42 PM
Kai Lani
RE/MAX Kai Lani - Kailua, HI
RE/MAX

Hi Jim,  Thanks for your comment.   We are finding a lot of offers get to the final stages then the buyer gets cold feet and cuts and runs.   Things have definitely slowed. No one seems to know what to think about the situation, national, state and even international.   I suspect we will be all over the place with the economy until the new president takes the helm, and then the markets will finally settle down in one direction or another.   This is a waiting game requiring patience until we get thru the next few months.   But, as you note, it will pass and things will solidify.  My bet is that the FED will throw money at the system even at the expense of increasing inflation "a little".   We will see higher home prices again but it too will take awhile.   Let's hold tight for the time being.   Kai

Oct 16, 2008 05:39 AM