Honolulu Predicted to be The Hottest Real Estate Market in 2008

http://www.housingpredictor.com/ chose Honolulu as their pick for the hottest housing market in the country.  All I can say is from their lips to God's ears.

While other parts of the country have suffered, Oahu (Honolulu County) has been a pretty stable market.  Even though the resale volume is down from the hot market in 2004 & 2005, prices have remained stable.

Why do I think things have been generally better in Hawaii? 

1. People in Hawaii pay their mortgages.  We constantly are among the lowest for foreclosures and delinquent mortgage payments.
2. Our unemployment rates have been among the lowest in the nation for a few years now.
3. We are on an island, the supply is limited.
4. There are several large military bases and a fair amount of troop movements.
5. The dollar exchange rate makes us look like a bargain to foreign investors, especially the Canadians.
6. Some west coast markets, not only are slower, but the prices are higher.  We look like a bargain to some of their folks.
7. According to http://www.housingpredictor.com/ the J-REIT (Japanese real estate investment trust) will allow capital to purchase in Hawaii.  Hawaii has been a favorite for Japanese investors and this change may provide a large influx of money from Japan.
8. We are in Hawaii, who wouldn't want to live or invest here?

I think No. 8 says it all.  Aloha From Sunny Hawaii!!