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Hawaii real estate seen as stable
- Article from:
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Honolulu Star - Bulletin
- Article date:
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October 3, 2008
- Author:
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Copyright informationCopyright Honolulu Star - Bulletin Oct 3, 2008. Provided by ProQuest LLC. (Hide copyright information)
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The turmoil in Congress over the proposed rescue of the financial industry continues, as do the mounting real estate losses in some communities on the mainland, but for now both are still far removed from Hawaii's real estate market, local experts said last night during a round-table discussion.
Hawaii will not experience the real estate meltdown as seen on the mainland, but despite more positive market fundamentals, sales are likely to continue slowing and average prices are likely to remain flat though year's end. However, there still will be some winners in real estate in 2008. Those who weed through neighborhoods to identify good values likely will come out ahead.
That was the opinion ...