Oahu High Again

Dated: 11/10/2014

Views: 361

Friday's Honolulu Star Bulletin featured an article on housing prices on Oahu.  In it, Oahu's prices are predicted to reach new records through the end of this year and continuing until next year. 

The word on the street agrees.  We had a few slower weeks of showings and offers in September and October but I have really felt things pick up in the last week or so.  More calls, more showings, and more offers are coming in daily.
In spite of this I still get this objection from buyers, "We are going to wait until the prices come down."  They say this in spite of the fact that the market analysts predict that home prices are only going in one direction: up!  These buyers risk being priced out of home ownership on Oahu by waiting.  And, guess what else will keep going up?  Rent.

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