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Oahu Real Estate Market Recap – 2012 Where did the boat go?

Oahu Real Estate Market Recap – 2012 Where did the boat go?. Berton Hamamoto (B), ABR, CRB, CRS, CFP Property Profiles Inc. Did YOU miss the boat??. Home Prices up. Visible Housing Inventory (Existing home inventory at 8-year low ).

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Oahu Real Estate Market Recap – 2012 Where did the boat go?

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  1. Oahu Real Estate MarketRecap – 2012Where did the boat go? Berton Hamamoto (B), ABR, CRB, CRS, CFP Property Profiles Inc.

  2. Did YOU miss the boat??

  3. Home Prices up

  4. Visible Housing Inventory(Existing home inventory at 8-year low)

  5. Visible Housing Inventory(Newly Constructed Homes Inventory at 50-year low)

  6. Shadow Inventory … Falling(Seriously delinquent mortgage + homes in foreclosure process)million units Distressed Sales Market Share 2010 … 33% 2011 … 33% 2012 … 25% 2013 … 15% 2014 … 8% 2015 … 5%

  7. Home Prices RisingMiami up 7% from one year agoPhoenix up 19% from one year ago Source: Case-Shiller

  8. What’s Happening in Hawaii?

  9. 2012 MEDIAN SALES PRICE Statistics provided by HBR, HIS & RAM

  10. Oahu Statistics – SF Inventory 2012

  11. Oahu Statistics – CND Inventory 2012

  12. Oahu Statistics - Single Family Statistics provided by HBR

  13. Oahu Statistics - Condo Statistics provided by HBR

  14. Oahu Statistics - SF Statistics provided by HBR

  15. Oahu Statistics - Condo Statistics provided by HBR

  16. NAR Forecast Summary: Business $Volume rises by double-digits in 2013 & 2014

  17. Oahu Forecast • Higher home prices 10%– 15% in some neighborhoods • Little inventory added to market will decrease supply • Rents will increase due to competition for housing • Investors increasing share of market

  18. 2009 - $340,000 2011 - $ 360,000 – $370,000 2012 - $405,000 - $410,000 (+20%)

  19. Risks to Forecast • Upside … Credit Availability • Housing recovery up so far even with tight credit • What happens if mortgage accessibility opens up? • Demand outpacing supply • Downside … Washington Policy • QRM 20% down payment requirement? • Basel 3 … capital rule that punishes private mortgage with low down payment and commercial loans • Trim mortgage interest deduction? • Capital gains tax on home sale?

  20. Still time to buy… BUT YOU WANT TO BUY NOW!!!!!!! Talk to a REALTOR

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