by Dan Polimino | Jul 13, 2009 | Buying, Hawaii Real Estate, Luxury Market, Selling
It’s safe to say that there has never been a bigger chasm between seller and buyer than what we are experiencing right now. Sellers are getting offers anywhere from 10K off their asking price to several hundred thousand dollars off their asking price. So where...
by Dan Polimino | Jun 29, 2009 | Buying, Hawaii Real Estate, Luxury Market, Selling
Lately, we (realtors) have the unenviable task of being the bearers of bad news. It seems more than ever we are having conversations with people about what the market is telling us regarding the price of their home, or we are talking to sellers about lowering the...
by Dan Polimino | Jun 1, 2009 | Hawaii Real Estate, Investing, Luxury Market
We hear a lot about foreclosures these days in the news. Internet, newspaper, TV, and radio all regularly report on the rate of foreclosures, the number of foreclosures, the hardest hit areas, and how many more are yet to come. Analysts and economists have been...
by Dan Polimino | Apr 29, 2009 | Luxury Market
The bottom of the housing decline is near, predicted analysts and home builders attending the National Association of Home Builders’ semiannual Construction Forecast Conference last week. Mark Zandi, chief economist of Moody’s Economy.com,...
by Dan Polimino | Mar 27, 2009 | Luxury Market
More than three-quarters (78 percent) of potential first-time home buyers say that now is a good time to buy a home, despite widespread concern about the economy. Out of the 1,000 prospective U.S. first-time home buyers surveyed in early March for the CENTURY 21...
by Dan Polimino | Mar 20, 2009 | Luxury Market
In response to the announcement yesterday by the Federal Reserve to purchase up to $750 billion in mortgage-backed securities, NATIONAL ASSOCIATION OF REALTORS® President Charles McMillan released the following statement: “NAR applauds the Federal Reserve...
