Realtor Michael Zimmerman's Blog designed to keep Honolulu condominium home owners informed » Page 2 » Honolulu Real Estate and Community News Courtesy of Michael Zimmerman (RA)

Tax Credit For Home Buyers

By Michael Zimmerman | Published: February 12, 2009

Thanks to an amendment written by Georgia Senator Johnny Isakson, you may be entitled to a $15,000 tax credit if you purchase a home within the next year. This amendment to the economic stimulus bill will be available to any home buyer within a year of it’s enactment. Buyers will be entitled to claim a total … Continue reading Tax Credit For Home Buyers

Posted in Buyers, Real Estate | Tagged economic stimulus, home residence tax credit, similar credit worked in past | Comments closed

New Loan Fees – Courtesy of Freddie Mac

By Michael Zimmerman | Published: February 9, 2009

Since home prices have continued to fall, especially in selected Mainland markets, Freddie Mac is concerned that many more homeowners will default on their mortgage. They also expect housing prices to decline further in 2009. In light of this news, Freddie Mac increased several mortgage fees and created a few new ones. Isn’t it ironic … Continue reading New Loan Fees – Courtesy of Freddie Mac

Posted in Mortgage Issues | Tagged new fees discourage home purchases, new fees may cost thousands | Comments closed

February 2009 Koolani Condominium Market Report Honolulu

By Michael Zimmerman | Published: February 6, 2009

Summary Ko’olani sales were sporadic throughout 2008, while the inventory available for sale began the year at 16 and finished much higher at 27. The chart below depicts the number of sales recorded each month vs. the number of apartments available for sale at the end of each month. In the last six months, Ko’olani … Continue reading February 2009 Koolani Condominium Market Report Honolulu

Posted in Koolani, Market Reports | Tagged bargains are available, much to choose from, sales are slow, there is value here | Comments closed

Home Features that Turn Buyers Off

By Michael Zimmerman | Published: February 3, 2009

Many older homes in Honolulu are cute. However, there’s a difference between old and cute and functionally obsolete. Some buyers are looking for a home that they can upgrade to meet their needs; to put their signature on, so to speak. A much greater percentage of buyers are looking for a home that’s turnkey; something … Continue reading Home Features that Turn Buyers Off