Optimistic Real Estate News for Buyers, Sellers and Fellow Realtors - Continued

By
Real Estate Agent with Na Pali Properties, Inc.

In August, I posted "Optimistic News..." on my blog and want to continue in this direction. So, I'm offering some more optimistic news - not based on my opinion, but on articles I've read or news I've heard.

For instance, if you watched Morning Joe on MSNBC on Sept. 17, 2008, you heard Jim Cramer, host of "Mad Money," offer his insight. I paraphrase his comments here, but you can watch the video online at msnbc.msn.com/id/3036789. Click on "Cramer: We're all communists now."

When asked about the bottom of the housing crisis, Jim said "we're almost there." He continued "How 'bout some optimism? Rates [interest] are lower and we'll begin to see foreclosure rates go down in the next 3 months." He did qualify that by adding foreclosure rates will go down vs. the number of foreclosures.

And more good news. . . Mr. Cramer explained that in the last 2 quarters of this year cancellation rates (i.e. people walking away from their deposits because they can't sell their previous home) have declined. He said those rates had been around 40 to 50%. However, in the last 2 quarters more people have been able to sell their previous homes and therefore they're not walking away from their deposits.

In closing he stated, "Good loans will go to good institutions. And, good people will make out in the end."

Thank you to Jim Cramer and those who stay on top of the statistics and report good news. I’m going to keep searching for positive comments to report on my blog, the Preferred Homebuyers Weekly Scoop, and in future newsletters. Whether you're buying, selling or just curious, I hope you found this helpful.

Have a great day!

Debra

Debra A. Jason, RA, ABR

Debra A. Jason, RA, ABR
When paradise is calling you, call me!

(808) 826 1846, cell: (808) 635 8031

www.kauaihawaii-realestate.com

Vision Realty All Islands Kauai - located on the highway in Kapaa, Hanalei & Lihue

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Rainmaker
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Ronnie Margolis
KW Kauai - Kapaa, HI
Kauai Realtor - CDPE, ABR, RA - On Top of the Aloh

What do you think Mr. Mad Money had to say last week about everything that happened? Did you know or do you care?

Sep 27, 2008 11:09 AM #1
Rainmaker
28,824
Debra A. Jason
Na Pali Properties, Inc. - Hanalei, HI
Kauai Realtor - Kauai Homes For Sale, Kapaa to Haena

Ronnie,

I haven't heard Mr. Cramer's comments after everything that happened last week. He probably had/has an opinion about it. I do know what happened and I do care. I do my best to report positive news as I know most people are overpowered with the bad news. They hear it each time they turn on the TV or read in the paper or online.

I just read a blog post by Realtor Beth Robinson (http://blogs/alohaliving.com/kohala-coast-resort-sales/2008/09/25/tranquility-in-hawaii-real-estate-prices/) where she reported on "Tranquility in Hawaii Real Estate Prices. She mentioned Paul Brewbaker's comments (Bank of HI's chief economist) at PacRim last week. She wrote (her quote, not his) "...at least one economist believes that we are already into a period of relative price stability or "tranquility" in Hawaii real estate prices. In his view, prices overall are unlikely to fall significantly further and will be fairly stable for perhaps another 4-5 years."

I like her attempt to share some positive light. And, if you visit her blog, you'll see someone commented  back to her "A lot has changed since last Thurs. and Friday." And, that indeed is true.

I do my best to report accurate information, what happens as our world changes each day (and sometimes drastically each hour) none of us can predict. We do the best we can!

Mahalo for sharing your comments. Have a great day on Kauai

Debra A. Jason, RA, ABR
Vision Realty All Islands Kauai

www.kauaihawaii-realestate.com

 

Sep 27, 2008 12:50 PM #2
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Rainmaker
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Debra A. Jason

Kauai Realtor - Kauai Homes For Sale, Kapaa to Haena
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