Although prices are predicted to fall further in early 2011 in some regions, the overall picture for the American economy is looking positive, particularly in Hawaii, as our strongest banks predict more lending in 2011. Growth may be slow, but those who understand the economic forces behind the housing market are advising buyers to consider taking advantage of this “perfect storm” of historically low interest rates and attractive prices.
Posts Tagged ‘lending’
Big Island Condo Market Mid-Month Update
March 16th, 2010
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The Ides of March have boded well for the Big Island condo market! Today, the Big Island saw the closing of the 25th condo sale so far this month. In March 2009, there were only 24 condo sales for the entire month. Reflecting on the increased pace, Senior Vice-President Frank Goodale, R, CRB, notes that [...]
Keeping an Eye on Lending Practices
January 21st, 2010
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Hidden fees, bait-and-switch tactics, misrepresentation, non-disclosure. These unethical lending tactics (as well as discrimination, predatory lending practices and, of course, old-fashioned, straight-up fraud) are pitfalls that may derail a well-intentioned buyer’s effort to successfully obtain a loan for a new home. To protect buyers from these types of practices, laws exist that require lenders to [...]
