Oahu Real Estate Market Stats For October 2009
  Here  we are with another addition of the monthly stats.  Some amazing numbers this month.  The number of sales have increased, the number of new listings is off again, and inventory is down, way down.  The market is definitely changing.   If you would like to view October’s entire 19 page report, click on

$8,000 Homebuyer Tax Credit Extended And Expanded.
Are you one of the many that waited too long to buy and was hoping for an extension on the homebuyer tax credit?  Your in luck. President Obama signed an extension and expansion of the first-time homebuyers tax credit on Friday.  The $8,000 credit was scheduled to lapse on Dec. 1 but will now be in effect through the end of June. Homebuyers must sign a contract before April 30

New “Homeowners” Property Tax Category Created
Watch out non-owner occupant homeowners!  Mayor Mufi Hannemann signed a bill at a ceremony at City Hall this afternoon that is expected to help homeowners who are owner-occupants….The City Council approved Bill 51 creating a new “homeowners” property tax category.  Hannemann asked for the bill as a means of shielding owner-occupants from anticipated higher taxes for other property owners, including those with commercial, hotel/resort and residential rentals. Will this help owner occupants or will it hurt non-owner occupant homeowners?  I would be willing to bet the later.  By making this change, especially by passing it  no

The Debt Clock Is Ticking
Want to see something scary, overwhelming and just plan draining?  This is more scary than some of the Halloween creatures I saw last week.  Check out the US Debt clock.  That’s a lot of moving numbers!

Mortgage Rates Drop Below 5%
Mortgage Rates have dropped again!  This is a great time to take advantage of these rates for refinancing or purchasing. Home mortgage rates fell for the sixth straight week, according to two key measures, with one of them pointing to a sub-5% rate for the 30-year fixed loan for the second week in a row. This comes on the heals of: