Sometimes an article about real estate comes out and it is good just the way it is. Today’s Wall Street Journal had an excellent article in a question and answer format. Much of it applies to Honolulu real estate and it is well worth the read!
Because I am a Honolulu Realtor, I am happy about the extension of the tax credits for purchasing a Honolulu home as your personal residence. As a citizen of the United States, I am concerned that we could be sending part of the house sale and purchase business the way of the car sales business. Let me explain.
During this recession, it has seemed that Honolulu has not be hit as hard as other areas. A Pacific Business News article confirms many things I had been assuming.
Gentry Development, Alexander and Baldwin and Kamehameha Schools Bishop Estate (KSBE) have just pulled the plug on developing 12,000 housing units in Waiawa (West Oahu).
“Local developer Gentry Cos. lost its rights to develop Waiawa Ridge, ending the more than 20-year-old project that was expected to produce its first homes next year in the community envisioned with 10,000 to 12,000 homes.” CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE
Waiawa is located just west of Pearl City at the junction of the H1 and H2 freeways. Given the magnitude and location of the project here are some of the losers than winners.
November 9th, 2009 categories: Honolulu Vintage Homes
The Honolulu Advertiser is reporting that hotel occupancy rates have improved.
“After 18 consecutive months of declines in the numbers of visitors staying in Hawaii hotels, September brought a small gain in hotel occupancy — up 1.6 percentage points to 64.6 percent.”CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE
Residential Realtor working in Honolulu, Manoa, Kahala, Kaimuk, Nuuanu, Hawaii Kai, Pauoa Valley, Palolo, St. Louis, Moiliili, Kapahulu, Ala Moana, Waikiki, Aina Haina, Niu Valley and Kuliouou
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