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Hawaii Real Estate Economist Says “Now Is The Time To Buy”, New Resort Homes At Reduced Rates

by jeffprostor on Aug 17, 2010

August 17, 2010 –Top Hawaii economist, Paul Brewbaker of TZ Economics, held a mid-year Real Estate update for Hawaii’s leaders in the Real Estate community on July 28, 2010, where he announced, “now is the time to buy” . The combination of historically low interest rates and low home prices across the state makes purchasing a home in Hawaii an attractive possibility for many. “At some point rates will probably begin to rise again, so the window of opportunity is finite. It may only last another year or so,” said Brewbaker.


Brookfield Homes Hawaii , a Hawaii Real Estate developer, simultaneously announced that it has only three built homes remaining for purchase in their community, KaMilo in the Mauna Lani Resort on the Big Island of Hawaii. KaMilo Unit #212 is now listed for sale at $699,000; reduced from its original list price of $1.2 million. This condominium townhome is an original, developer inventory unit in the spacious Honua B...Read More >>



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The Hawaii real estate market also has a great selection of homes and properties for homebuyers who are looking for a more secluded lifestyle, away from the largest three Hawaiian Islands. For example, the islands of Lanai and Molokai offer a quiet and peaceful atmosphere, well-removed from the resorts and tourist hubs of Maui and the other larger islands. In fact, Molokai has no traffic lights or high rises and offers some of the most affordable real estate in Hawaii. Yet, with deserted beaches and spectacular scenery, these islands are no less stunning than their larger neighbors.
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