ont-size: small; font-family: Times New Roman;”>According to the Honolulu Board itamin-c.htm’>of realtors stats the Hawaii real estate market housing prices on Oahu real estate is down 3.3% for the third quarter of 2008 compared to 2007. The amount of sales is down a whopping 26%.
The Maui real estate market prices were down approximately 7% while the amount of sales were down about 22%.
The Big Island Hawaii real estate market prices were down approximately 50% for number of sales. That is pretty substantial. Wonder how bad that market is going to be hit? There was an agent on the big island named Katie that said “It’s Time to Buy!”. Not sure if we would agree with that.
The Kauai real estate market is down for number of sales about 40% year to date. That is huge too.
There are some agents out there telling their clients it is a great time to buy and that we have hit the bottom. I would be very careful suggesting that as we are in a major financial crisis and it all depends on the new president and the policies he tries to push.cialis If the new president raises taxes on anyone or business heading into a recession the markets may collapse.
Time will tell. There are some good values out there if you do your homework. Happy house hunting.
Thanks to Jeff Manson of American Dream Realty sharing his time with us.
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The
estate in Fredericksburg, Maryland continues to suffer as a result of the economic recession that began in 2008. The worst problem locals in Fredericksburg face are sharply declining home assessment values. Although there are hopes that the Fredericksburg real estate market has hit bottom, there are no sure signs that values won’t continue to decline before any significant improvement is made. Short sales and high foreclosure rates are also major contributing factors to the continuing declines in home assessment values. Luxury homes have suffered the most, with homes priced over $500,000 experiencing the largest declines in home values.
According to the Baltimore Sun, Maryland prices are expected to decline on average 19.7 percent throughout all of Maryland when the December property assessment notices for almost all Maryland homeowners are posted. Real estate experts believe that the recent property assessment declines may be the largest in the state’s real estate history and that property values will most likely decline a little bit more over the next few months. However, experts have also noted that commercial real estate properties have increased slightly in value, resulting in an overall 16.1 percent decline in Maryland real estate properties.
The Southern Maryland Newspapers Online has also reported the sharp declines in home assessment values. According to Southern Maryland Newspapers Online, 99 percent of the real estate market in Maryland suffers from declining property assessment values. In Charles County, only six of the 18,344 homes were estimated to have increased in value. For locals, the only silver lining may be that the real estate market has hit bottom, meaning that the only direction the market can go is up. However, the question is when the real estate market will show signs of improvement.
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Tags:Baltimore Sun·Commercial property·Foreclosure·Real estate·Recession·Short·Southern Maryland·United States
The New England state of Vermont is the second least populous state in the United States. It is bounded by New Hampshire, New York, Massachusetts, and the Canadian province of Quebec. The capital city of Montpelier has slightly more than 8,000 residents. Elsewhere in the state, the largest city is Burlington, which has more than 200,000 residents in the metropolitan area.
While Vermont has fewer people than most states, the Green Mountain State has much to offer.cialis Visit Rutland, Barre, or St. Albans, or the Burlington metro area in your search for Vermont homes for rent. Or, search [Read more →]
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City has shown sluggish but consistent improvement in its residential real estate market over the past few months. However, the commercial real estate in Kansas City continues to worsen as office vacancies continue to increase and landlords have trouble collecting rents and retaining tenants. However, many real estate experts have noted that the recent expansion and improvement of the Kansas City economy may offer hope for the improvement of the Kansas City real estate market as well.
According to iMarket News.com, Kansas City has experienced some “modest” improvements in its economy over the past few months. During the months of October and November, Kansas City has posted slight improvements in its economy based upon consumer spending, manufacturing, and other business activity including real estate and construction activity. Economic experts believe that Kansas City is showing significant signs of recovery from the economic recession that began in 2008.
The Kansas City Star has also reported that the residential real estate in Kansas City is showing signs of improvement and offering hope for the future. Realtors posted a surge in home sales during the month of November by about 63 percent from that of November of the previous year. However, almost all home sales consist of resale, with only about 250 of the total home sales in Kansas City being those of new homes. The average sales price of an existing home also rose by about 9 percent to $148,018, but the average sales price of a new home dropped by about 14 percent to $280,350. Currently, Kansas City has a 6.5 month inventory of existing homes and a 10.2 month supply of new homes. Aside from slow sales of new homes, luxury home markets continue to struggle even more, with very few prospective buyers willing to pay that much money for a home given the current economic situation. Nevertheless, recent increases in affordable housing projects offer hope for increased real estate activity in the coming months.
Tags:Business·Business and Economy·Kansas·Kansas City·Kansas City Missouri·Real estate·RSS·United States
