Honolulu Hawaii Properties & Resort News » KAPOLEI REAL ESTATE NEWS

Oahu Real Estate Market, Will It Recover Faster Than the Mainland?

jriggins — Sun, 13 Sep 2009 17:18:32 +0000

The Oahu real estate market could recover faster than the Mainland

Lower home prices may attract investors into the Oahu real estate market and help it recover faster than other real estate markets across the Country. One thing Oahu has going for it is that it is Oahu, a Hawaiian island and a desirable destination. A large portion of Hawaiian real estate represents second home ownership and the desire to visit Hawaii and own property there is one that will stand the test of time. While there is no doubt that real estate on Oahu has taken a huge hit and will likely drop more it is estimated that the real estate downturn will be shorter lived on Oahu than for the majority of the mainland United States. There is no doubt that if you have always dreamed of owning Oahu real estate there could not be a better time to buy.

For more information about Kapolei Real Estate please contact John Riggins, Certified Distressed Property Expert. Click here for access to the Oahu MLS and all available listings in the Kapolei area.

Low Mortgage Rates Are Instrumental in Turning Oahu Real Estate Around

jriggins — Sun, 13 Sep 2009 17:10:58 +0000

Low mortgage rates are helping the real estate market on Oahu

Oahu Real Estate, like the rest of the United States has been hard hit in recent months and low interest rates are instrumental in turning the real estate market around. When it comes to real estate on Oahu low interest rates are interacting with lower property values to help coax people off of the sidelines and into purchasing homes. Mortgage rates have been staying low and while they have fluctuated a little over the past couple of months they have remained at historic 30 years lows. The current rate for a 30 year fixed mortgage is 5.12% and 4.69% for a 15 year fixed rate mortgage. If you are interested in Oahu real estate consider taking advantage of the low mortgage rates and contact John Riggins today.

For more information about Kapolei Real Estate please contact John Riggins, Certified Distressed Property Expert. Click here for access to the Oahu MLS and all available listings in the Kapolei area.

Hawaii Recovery Funds Include Project in Kapolei

jriggins — Sat, 12 Sep 2009 22:09:01 +0000

Recovery dollars will be used in a variety of helpful ways in Hawaii, including projects in Kapolei

Hawaii is slated to receive a substantial amount of Recovery Fund dollars which encompasses a number of state programs as well as a program in Kapolei. The program which will use Recovery Funds in Kapolei is for the Hawaii Department of Hawaiian Home Lands which will use the money to cleanup the pesticide mixing and loading area in East Kapolei. The project will receive $200,000 toward its efforts to cleanup contamination in this area of Kapolei. Other projects for Recovery Funds are:

Clean diesel program. Run by the Hawaii Department of Health’s Environmental Health Administration the Recovery Funds will be used to implement a clean school bus program.

The Hawaii Department of Health will use money toward the Drinking Water State Revolving Fund program which takes steps toward improving drinking water and making ensuring that drinking water is safe.

To learn more about Hawaii’s plans for Recovery Funds visit ?www.epa.gov/recovery.

Ewa, Kapolei Area Sales Strong on Oahu

jriggins — Tue, 08 Sep 2009 13:17:44 +0000

There couldn't be a better time to buy real estate in Kapolei

The Ewa, Kapolei area had 16 real estate transactions between August 3 and 7 according to the Star Bulletin. The Kapolei area has been the strongest sector of the Oahu real estate market, with more closings occurring than other areas of the island. On the flip side there are still many bargains to be found, with the median home price 5.7% lower than a year ago. Low mortgage rates combined with lower home values has helped create an optimum time to purchase Kapolei real estate.

If you are interested in looking at real estate in Kapolei contact John Riggins today. John Riggins has the experience you need to make you property search and educated and informed process. John RIggins is also a Certified Distressed Property Expert (CDPE) and can help you through the short sale process in Kapolei.

Visit Trulia.com for the latest on real estate data for Kapolei.

Home Prices Down in Kapolei

jriggins — Sun, 16 Aug 2009 21:57:12 +0000

The time is ripe for purchasing Kapolei real estate

According to Kapolei real estate reports on Trulia.com people trying to sell property in Kapolei on the island of Oahu have been reducing their asking prices. Home prices are down by an average of -2.9% per square foot compared with a year ago and the sector showing the biggest drop in value is in the larger properties of 4 bedrooms or more. What does a drop in home values mean? It may not be a great time to sell a property in Kapolei but it certainly is a great time to buy. Contact John Riggins today about Kapolei real estate. Kapolei will always be a desirable place to own property and taking advantage of today’s decrease in prices is a prudent move for a long term investor.

Kapolei Real Estate: Foreclosures On Rise in Hawaii

jriggins — Fri, 14 Aug 2009 13:13:10 +0000

Foreclosures are on the rise in Hawaii

Kapolei real estate could be a true real estate bargain these days as record foreclosures hit Hawaii. A recent article in the St ar Bulletin recognizes the dramatic increase of foreclosures in Hawaii and the fact the the numbers increase Hawaii’s national ranking from number #40 in 2007 to #15 today. The number of foreclosures is certainly disappointing for the home owner as well as the lenders involved but it opens a new door for the real estate investor, making Kapolei real estate more affordable than in recent years. On the flip side, if you are a home owner who thinks he is facing foreclsoure contact John Riggins today. John Riggins is a CDPE (Certified Distress Property Expert) and can help save you from foreclosure. Whether you are looking for a real estate bargain or looking to save your home in Kapolei, John Riggins is the Realtor to call.

Oahu Real Estate: Sales Keep Increasing

jriggins — Thu, 06 Aug 2009 13:32:54 +0000

Oahu at Sunset, courtesy of Creatas Photos

Sales were up in June on Oahu and recent reports say that July was up too. According to national real estate reports, presented by NAR (National Association of Realtors) real estate sales have been on the rise and June was the 5th month in a row where pending real estate sales were on the rise. Great news for the real estate market in Kapolei, Oahu and the United States in general. There were 265 single-family homes sold in July, compared with 251 in July 2008, according to the Honolulu Board of Realtors. Ewa Beach and Kapolei have been leading the charge in sales of single family homes, demonstrating the desirability of the area.

Oahu Real Estate: Single Family Home Sales Up in June 2009

jriggins — Tue, 04 Aug 2009 04:58:26 +0000

Oahu Palm Trees at Dusk

On Oahu single family home sales were up 9.5% in June 2009 compared with June 2008, according to statistics from the Honolulu Board of Realtors. The median sales price is down from a year ago, $569,000 compared with $625,000. Lower home prices mixed with low interest rates and tax incentives could be the reason for the increase in sales for single family homes. There couldn’t be a better time to buy real estate on Oahu. For an in-depth look at what is selling on Oahu contact John Riggins. John Riggins can help you find the real estate you are looking for, whether it be in Ewa Beach, Kapolei or Ko Olina Resort. Take advantage of the Oahu real estate market today.

Kapolei Real Estate: What Can A CDPE Do For You?

jriggins — Fri, 31 Jul 2009 19:55:57 +0000

If you feel that you are facing foreclosure in Kapolei or elsewhere on Oahu contact John Riggins today. John Riggins is a CDPE (Certified Distressed Property Expert) and one of only for in the State of Hawaii. If you are falling behind on payments and facing foreclosure due mounting debts, job loss, divorce, illness or whatever your issues may be, and you are worried about losing your Oahu real estate there may be a solution. John Riggins has been able to help 90% of the people who have been in similar positions and can use his expertise for you to face your real estate problems head-on. The most important thing is to call John Riggins today, before it is too late.

Commercial Center Could Break Ground in Kapolei Later This Summer

jriggins — Fri, 31 Jul 2009 04:32:25 +0000

The economy may be on shaky ground but a newly planned commercial center for office and retail space in Kapolei has almost sold enough space to break ground later this Summer or possibly Fall. Hamuea Center needs to sell (or lease) only 12,000 more square feet to break ground, not bad for the 141,000 square foot Kapolei commercial center. It is a tough business climate out there and Kapolei is no exception but so far the project is looking strong and positive. The project is expected to create more than 350 jobs, a positive no matter how you slice it.

For more information on real estate in Kapolei contact John Riggins. There are many amazing real estate opportunities in Kapolei today and using a knowledgeable and experienced real estate broker is more important that ever.