Recent 3rd quarter statistics for Kauai appear to indicate a leveling off of pricing in the market. Numbers indicate that sales are up and median pricing is also slightly up, leading to the notion that the bottom of the market may be behind us. This is great news for buyers and sellers. Buyers can take advantage of the low prices and look forward to increases in value in the coming months and sellers can finally make friends with current market value and sell their homes.
While the market stabilizes itself, the matter of the mortgage financing crunch and the possible loss of the mortgage interest tax allowance looms large. We can only use our influence as realtors with the NAR to lobby against any further injury to the housing market...but that's for another post.
In the meantime, buying while the pricing is good can only help your clients realize their dreams now. Happy selling!!
Representing you in all your real estate transactions is my priority. I am committed to making your purchase or sale as smooth a transaction as possible.
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