I am sure you have read the national real estate headlines or read my other posts about the real estate market . Regardless of what you hear, the market is cooling, not crashing. Both new and existing homes are selling, just not at the rate and price that they were one year ago.
The quantity of sales are predicted to shift until the end of the year while remaining at historically high levels. Based on data from NAR (National Association of Realtors), March showed more sales than the previous months. A spokesperson from NAR expressed that the real estate market is "clearly stabilizing." More ...
Posted on Saturday, July 04, 2009
While typical Big Island apartment rentals are experiencing a slight dip, student housing is still going strong. According to a recent report, the median growth rate for all types of student housing has gone up by 7 percent. Houses with three or more bedrooms have undergone the greatest increase, from 9 percent to 13 percent.
A lease remains by the unit, not the bed, and the better part of leases go the regular year. This info proves valuable for Big Island homeowners renting to students. More ...
Posted on Thursday, July 02, 2009
In an effort to assist teachers in purchasing a piece of Big Island real estate , a new service has been released recently. First year teachers make an average of $31,794, making the reality of owning a home a long way off.
Partnering together, lending and title companies hope to extend mortgage options for educators. There are special options that are set up for those in the education field that companies would like to make teachers aware of. All around the country, teaching is one of the most underpaid occupations. Teacher could purchase a home closer to their school, with their present salary, thanks to these programs. More ...
Posted on Wednesday, July 01, 2009
In regards to the design of Big Island homes , times are changing. Perhaps the most significant change since the 1970s is the amount of square footage. The average new home has expanded to 2,400 square feet, up from 1,600 square feet in 1973. Bathrooms have gone from less than two per home, to at least two.
Kitchens have had an increase also, from a mere 9x10, to a whopping 285 square feet. Islands, breakfast bars, and nooks are among the additions to many kitchens. An old-fashioned living room is a thing of the past. Families today congregate around the flat screen TV instead. Most garages hold more than two cars and a complete laundry room is a must. Children are less likely to share a room as four bedrooms are becoming typical. Keep posted, Big Island real estate is continuing to adapt to the times. More ...
Posted on Wednesday, July 01, 2009
The progressive real estate website, Zillow.com, is requesting more from its visitors. Browsers now have the capability to add updated info about homes and make those facts public.
This new component will "dramatically enhance the quality and relevance of Zillow," according to Zillow CEO, Richard Barton. To access this info, a homeowner should register their name and their property history through a private verification process. To add figures to your Big Island home , log on to Zillow. More ...
