by Dan Polimino | Mar 20, 2009 | Luxury Market
Quick Answer: The Federal Reserve’s decision to purchase an additional $750 billion in mortgage-backed securities and $300 billion in Treasury securities is designed to drive down mortgage rates, making luxury second homes and investment properties on the...
by Dan Polimino | Feb 26, 2009 | Luxury Market
Quick Answer: The National Association of Realtors (NAR) supported President Obama’s economic recovery plan, emphasizing housing stability, foreclosure prevention, and access to financing. For owners of Hawaii second homes or vacation rentals, these policies...
by Dan Polimino | Feb 24, 2009 | Luxury Market
Quick Answer: Investing in a Mauna Kea vacation rental in 2024 can be a sound decision for your family, offering both lifestyle benefits and strong rental income potential. Properties on the Kona-Kohala Coast typically yield a 4–6% cap rate for well-managed units....
by Dan Polimino | Feb 18, 2009 | Luxury Market
Quick Answer: The Obama administration is introducing new mortgage assistance plans, including subsidies for struggling homeowners and expanded refinancing options for those underwater. These proposals, expected to be announced today, aim to stabilize the housing...
by Dan Polimino | Jan 14, 2009 | Luxury Market
Quick Answer: President-elect Barack Obama stated in November 2008 that the government’s efforts to prevent foreclosures were insufficient and “piecemeal.” He prioritized implementing a comprehensive plan to help responsible homeowners avoid losing their homes...
by Dan Polimino | Dec 12, 2008 | Luxury Market
Quick Answer: Yes, for discerning buyers on the Kona-Kohala Coast, current market conditions present a unique window of opportunity. With interest rates stabilizing near 6.5% and luxury home prices having adjusted by 10–15% from their 2022 peak, strategic investment...
