July 1, 2008|Putman D. Clark|Corporate: From the Executive Suite, Mortgages/Economy/Market
This letter along with a copy of Residence International Magazine was distributed to over 800 of our clients and friends earlier this summer.
From the desk of:
Putman D. (Putty) Clark, R - President and Principal Broker
Clark Realty Corporation
The summer issue of Residence International Magazine brings with it several exceptional properties here in the Islands and elsewhere. Because of your interest in Hawaii real estate, we are taking this opportunity to provide a brief Big Island market update. For more detailed information, please give us a call.
While controversy in the lending, banking, and securities markets dominates the news, it is worth noting the following:
During the first quarter of 2008, each successive month produced an ever-larger number of properties going into escrow. Historically low interest rates, modest price decreases and a superior selection of properties may partially explain... Read More
TagsBig Island, currency exchange, escrow, Hawaii, Hilo, infrastructure, interest rate, lending practices, loans, real estate, trends, University of Hawaii, West Hawaii