Economy & Business News

My husband and I just moved to Southern California and so I know from firsthand experience that investors from beyond our borders are buying up our deflated real estate.It is the same thing over on kauai as well as the big island of Hawaii. All in all, I suppose this could be considered good news for the slumping real estate and vacation rentals market as a whole.
The story was posted today, July 9, 2010, on the Business Courier– Morning Call website. Some of the facts of this phenomenon were noted under the headline: Foreign buyers like U.S. residential real estate.
According to the Business Courier, International buyers are grabbing up U.S. residential real estate, with investors from Canada, Mexico, the U.K. and China doing the most grabbing. The story cites a report in the Washington Business Journal as its source for this information. As an aside, if you are in need of good kauai vacation rentals then I can certainly suggest this particular website. They tend to be among the best overall when it comes to Kauai vacation rentals.
It was noted that according to The National Association of Realtors, foreign buyers accounted for 7 percent of all U.S. residential sales in the year ending March 31. That is a very impressive number!
NAR President Vicki Cox Golder was quoted as saying. meanwhile, it seems like the big island real estate market is a little bit more flat, or at least that is how it seemed to me during my last trip over to the big island, I am not sure. I think that on the island of kauai it may actually be even more.

In some economic and financial news from the bay area, San Francisco’s real estate market could be finally coming back strong following a few down years overall. For a few months now, broadly speaking, the prices have been rising again. Some analysts tend to think that this is only a temporary situation independent of the larger trend, and that the slide could start up again soon, unfortunately enouph. It appaears that it could really be a positive situation really should they do come down further since the prices were getting so very speculative and irrational. After all, they contribute mightily to the 68% higher-than-the-rest-of-country cost of living overall, which is not that good of a statistic.
There has been lobbying by the Realtors for the $8,000 buyer’s tax credit to be replaced by a $15,000 credit. They say that credit was a real factor in sustaining the market. Also, prices are certainly up due to bargain-hunting buyers taking advantage of foreclosures. As an aside if you need Laser Tattoo Removal San Francisco then I would have to suggest this particular resource as they are indeed top notch Laser Tattoo Removal specialists in the city by the bay. Now back to the main story at hand: But how much longer will that last? Some say we’ve only seen the first or second foreclosures-wave of a three-wave set. How many foreclosures can the market absorb? Especially with unemployment figures still going up somewhat, although some of the rest of the overall economy appears to rebounding, at least somewhat.

Some are buying San Francisco properties at what they believe is a real discount with a plan to resale when prices rise a little more. I guess real estate flipping isn’t history after all. It’s been said that if you can find a property for under half a million, you can sell it easily if you keep it under $500,000. Some who are taking a beating when they go to sell are equally tough when they are the ones in the buyer’s seat.

Prudential Locations, which is the Hawaii’s largest home-grown real estate outfit, has released their yearly “State of Real Estate” research report for next year. it should be useful for many investors. 
Prudential a major player on the islands of Oahu, Maui, Big Island, Kauai, Molokai, and Lanai, with detailed property purchase reports for all of those particular counties.
This rather sweeping report goes into great detail pertaining to the Hawaii real estate market
while looking at how they expect the market to perform next year. I am particularly interested in the Kauai real estate market since I happen to live on the garden island myself. Kauai real estate has a tendency to follow the commercial project trends, historically.
This year may end up with thirty percent less total residential sales than at the same time last year.
Going into 2009, they expects that prices will decline an additional 6-10% by rouphly June or july, mainly because of bad consumer confidence overall.
In addition, they predict that the grand total amount of sales in 2009 will nosedive by a full quarter as compared to this year.
On top of that, they predict that next year will be great for investors with fast dropping prices, good interest rates and lots of real estate available.
it appears that kauai real estate will probably be better off than some of the other islands for a number of reasons including a lack of new building permits.
Kauai real estate definately appears to be a better investment than say, the Big island, which dropped by some forty percent in new home sales with a corresponding drop in average purchase price.