SIGNS OF SLOWING DOWN. REAL REMAINS HIGH. MANOLO MORALES HAS TIPS ON HOW TO NAVIGATE YOUR WAY THROUGH THE SIZZLING MARKET. MANOLO: "THERE ARE SEVERAL HOUSING PROJECTS NOW UNDER CONSTRUCTION BUT THEY'RE SELLING FAST ALSO. AND THEY WON'T EVEN BE READY FOR ANOTHER YEAR OR TWO." REAL ESTATE EXPERTS SAY THERE ARE JUST OVER 400 SINGLE FAMILY HOMES FOR SALE ON OAHU THIS MONTH, WHICH IS HALF COMPARED TO LAST YEAR. JASON LAZZERINI, LOCATIONS HAWAII PRESIDENT: "WITH INTEREST RATES VERY LOW, PEOPLE HAVE A LOT OF BUYING POWER RIGHT NOW. THEY THINK IT'S A GOOD TIME TO MOVE UP INTO THAT HOME THEY WANTED, INTO THE NEIGHBORHOOD THEY WANTED, TO GET SOME ADDITIONAL SPACE. SO ALMOST ALL OF THE BUYERS RIGHT NOW ARE LOCAL BUYERS." NEIGHBORHOODS ON OAHU HAVE NO INVENTORY AT ALL.
AREAS LIKE MILILANI, EWA, AND KAPOLEI ARE SCARCE BECAUSE THEY ARE MORE TOWN LIKE MANOA, MAKIKI, AND EAST OAHU HAVE MORE BUT YOU ALSO HAVE TO PAY MORE. JASON LAZZERINI, LOCATIONS HAWAII PRESIDENT: "FUELING THAT ALSO IS THE FACT THAT THE COMMUTE IS NOT AS BAD AS IT WAS 18 MONTHS AGO. IF YOU WERE COMMUTING FROM EWA 18 MONTHS AGO IT WAS A LONG MORE DOABLE." HE SAYS THOSE LOOKING TO BUY SHOULD MOVE QUICKLY. KNOW WHEN A HOME BECOMES AVAILABLE AND SCHEDULE A SHOWING. AND HAVE YOUR REAL ESTATE AGENT TALK TO THE SELLER'S NEEDS. BECAUSE AT NECESSARILY THE BEST. JASON LAZZERINI, LOCATIONS HAWAII PRESIDENT: "SO SOMETIMES IT'S CLOSING IN A SHORT TIME, MORE ATTRACTIVE IF YOU'RE ON THE BUY SIDE OF THE TRANSACTION RIGHT NOW." WHILE RENTING MIGHT SEEM LIKE A BETTER OPTION, LAZZERINI SAYS NOT IF YOU CAN AFFORD TO BUY, BECAUSE RENT GOES UP WHEN REAL ESTATE GOES UP. JASON LAZZERINI, LOCATIONS HAWAII PRESIDENT: "SO MY ADVICE TO PEOPLE IS IF THAT'S IN YOUR FUTURE, IT'S BEST TO TRY TO GET IN THE GAME AS SOON AS POSSIBLE.
BECAUSE AS THINGS TEND TO GET AS THINGS GET MORE EXPENSIVE, YOU'RE FURTHER AND FURTHER AWAY FROM WHAT YOU WANT." LAZZERINI SAYS MORE HOUSING PROJECTS ARE MOVING FORWARD BUT DRASTICALLY FOR A FEW MORE YEARS. MANOLO MORALES KHON2 NEWS WORKING FOR HAWAII. TO WEATHER NOW. MORE WET WEATHER IS HEADED OUR WAY. LET'S CHECK IN WITH JUSTIN CRUZ. JUS?.
Sell your Home for a $5000 flat Fee Full service Soldier to Soldier
