Waiting for the Bottom

By Michael Zimmerman | Published: April 11, 2010

Many folks are waiting, trying to perfectly time the real estate bottom.  Perhaps, one morning, the Honolulu Advertiser headlines will read “THE BOTTOM IS HERE:  NOW IS THE TIME TO BUY”.  Perhaps not.  By the time that announcement comes, the bottom will have come and gone.  You can only be sure of the bottom well … Continue reading Waiting for the Bottom

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Honolulu Real Estate Statistics – March 2010

By Michael Zimmerman | Published: April 9, 2010

The Honolulu Board of REALTORS® released resale figures for the month of March.  According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: Single Family Home Resales   Number of Sales This Month Compared To Prior Year Median* Sales Price This Month Compared To … Continue reading Honolulu Real Estate Statistics – March 2010

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Honolulu Interest Rates Rise

By Michael Zimmerman | Published: April 7, 2010

The Federal Reserve (Fed) did what it set out to do.  It purchased $1.25 trillion of mortgage backed securities, succeeded with its plan to lower home loan rates and helped stabilize the housing sector.  Although the Fed stretched out the length of the program slightly, to soften the impact of the end of the program, the training wheels … Continue reading Honolulu Interest Rates Rise

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EPA Lead-Based Paint Renovation Rule Goes Into Effect April 22, 2010

By Michael Zimmerman | Published: April 5, 2010

By now, we all know that lead paint is an extremely dangerous substance.  Common renovation activities like sanding, cutting and demolition can create hazardous lead dust and chips by disturbing lead-based paint, which can be harmful to adults and children. To protect against this risk, two years ago, the EPA issued a rule requiring the … Continue reading EPA Lead-Based Paint Renovation Rule Goes Into Effect April 22, 2010

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Seller’s Disclosure Statement is Required in Hawaii

By Michael Zimmerman | Published: April 3, 2010

Hawaii’s standard home purchase contract and Hawaii State law requires a Hawaii Seller Real Property Disclosure Statement.  This disclosure requires the seller to fully and accurately disclose in writing to the buyer any fact, defect, or condition, past or present, that would be expected to measurably affect the value of the property to a reasonable … Continue reading Seller’s Disclosure Statement is Required in Hawaii

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