September 2011

There are 15 blog entries for September 2011.

It's Aloha Friday Again: Best Burger Places on Oahu

According to "Aloha Update" online, "Everyone likes a good burger. Okay, not everyone, but those of us who do, we need to have a great one to really be satisfied. Not many things are better than biting into a juicy, made-to-order burger that you know is going to be delicious. Few places offer a really, really great burger. However, there are a few spots on Oahu that do indeed offer a selection of delicious, mad-to-order burgers. Here are some of the best on Oahu."

The Counter

The Counter is actually fairly new. It has only been open for a couple of years. However, in that short timeframe, it has already established itself as a leading burger joint on Oahu. Located at Kahala Mall (Next to Chilis)

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Oahu Housing Supply Outlook for August 2011

Contents of the Housing SupplyOutlook Report include:

  • PROPERTY TYPE ANALYSIS
  • Inventory
  • Months Supply
  • Home Sales
  • Pct. of Original List Price Received
  • Median Sales Price
  • Days on Market Until Sale
  • PRICE RANGE ANALYSIS
  • Inventory
  • Months Supply
  • Home Sales
  • Pct. of oroginal List Price Received
  • Days on Market Until Sale

View the Oahu Monthly Indicators Report for August 2011 Now.

Mahalo For Reading.

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Chart : Your Home Purchasing Power Soars On Low Mortgage Rates

I've posted a similar chart in the recent past, however the chart below does an even better job of illustrating the purchase power of low mortgage rates.

And, the chart below is even more graphic.

 

Mahalo For Reading.

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Honolulu ranked No. 3 among best cities

According to the "Pacific Business News" online, "Honolulu is ranked No. 3 on Businessweek BusinessweekLatest from The Business JournalsAdvanced Healthcare Partners forms to propel ‘disruptive technologies’Justice Department unlikely to negotiate with AT&T to save mergerWinston-Salem 10th most fun, affordable city in U.S. Follow this company .com’s list of the 50 best cities in the United States."

Hawaii’s capital was cited for its beauty, low unemployment and low level of foreclosures as one of the best places to live. Businessweek also gave points for Honolulu’s air quality, which it said “is about as good as it gets.”

The list evaluated 100 of the largest cities in the nation, looking at criteria such as

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If you’re having a hard time keeping up with your payments, there may be a solution for you. According to Bank of America, with the Home Affordable Modification program you may be able to reduce your monthly mortgage payment to as low as 31% of your gross income. This program, which is part of the federal government’s Making Home Affordable initiative, aims to help people keep their homes, despite financial hardship. If you’re going through a difficult time – maybe you’ve lost your job, had a medical emergency, or perhaps you’re getting divorced – this program may provide you with the ability to stay in your home.

Even if you’ve already missed a payment, the Home Affordable Modification may still be able to help you. With Bank of America’s

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By Brian O'Connell

NEW YORK (MainStreet) -- Want a quick way to figure out if your city or town is rallying on home values? Check out your area's home sales inventory.

A good, thorough look at local home inventories can tell you how much your home is really worth, and what are its chances of selling if and when you decide to put it on the market. By and large, home prices decline as local home inventories rise. That’s because with more competing inventory, home sellers in such locations often reduce the prices of their homes, which sets off a cascading effect among other sellers who are forced to lower the prices of their homes, too, to keep their chances of selling at a premium.

Housing industry research data bears this theory out. According to

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Hawaii agency considers update to Kakaako development plan

As written on the "Pacific Business News Morning Call" online, "The Hawaii Community Development Authority is meeting Wednesday to consider an update to the planning guidelines for the Kakaako section of Honolulu that have been in place since 1982."

The Honolulu Star-Advertiser reports that the changes would incorporate preserving views and improving pedestrian activity while still promoting mixed-use development that could include the construction of residential towers as high as 400 feet. The newspaper says the HCDA, which has spent more than $200 million on infrastructure in the past 30 years, estimates it would need to spend another $126.5 million on infrastructure upgrades. The newspaper

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Investors grew a little less concerned about Europe during the week, which was favorable for the stock market but negative for mortgage rates. This week's inflation data also was unfavorable for mortgage rates, and rates ended the week a little higher. This movement differs from Freddie Mac's highly publicized weekly average rate which reported that a new low was reached for the week ending September 15. The reason is simply that the Freddie Mac survey is conducted early in the week and does not reflect the change in rates which takes place later in the week.

On Thursday, five major central banks, including the European Central Bank (ECB) and the US Fed, announced that they will offer a lending facility for European banks seeking short-term liquidity.

1,936 Views, 0 Comments.

It's Aloha Friday Again: Hawaii Rice Festival at Ala Moana Beach Park

According to "Hawaii Magazine online", "Hawaii’s staff of life? It’s not bread. Not pasta. Here in the Islands, our favorite everyday must-have source of starchy carbohydrates is rice."

"Without a scoop or two, no plate lunch is complete. And what would Spam musubi be without the stuff? It’s a staple in our home kitchens, at potluck picnics, and on the menus at countless Hawaii eateries."

"The second annual Rice Festival, set for 10 a.m. to 6 p.m. on Sun., at Ala Moana Beach Park’s Magic Island (Honolulu area), will celebrate our fav carbs with a celebrity chef “rice-ipe” competition and cooking demonstrations.

Read the rest of the article.

 

Mahalo For Reading.

1,913 Views, 0 Comments.

Setting the bar too high may leave you with an unsold house.

A new study by property website Zillow.com shows that many home sellers are unrealistically optimistic, asking considerably more than they're likely to get. As a result, they risk long delays in finding buyers, which means a lot of lost revenue while the house sits idle on the market.

What's more, homeowners who bought after the housing bubble peaked in 2007 were even more unrealistic than those who bought before or during the bubble, perhaps because post-bubble buyers thought they got better bargains than they actually did.

"We found sellers who bought after the housing bubble burst, in 2007 or later, price their homes 14% above market value," said Zillow, which used sales of comparable

2,898 Views, 0 Comments.
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