Robert Ferrari's (fpr) Blog

Real Estate Agent - Ferrari Pacific Realty Corporation
"The bottom is coming, the bottom is coming", cried Chicken Little as he ran frantically through the yard . . . or something like that.  This time it may be true, the bottom may actually be coming or may be here, for that matter.  The question is, is this "the" bottom or just "a" bottom?Reading t...
How far away can the bottom be when sales activity begins to rise, volume begins to rise and median price continues to fall?  This is exactly what we're seeing in West Hawaii for the districts of North Kohala, South Kohala, North Kona and South Kona.First the bad news, if you're a seller. Median ...
Hits the streets in an electronic sort of way, that is.  This weeks newsletter has been emailed to subscribers and has articles on West Hawaii real estate, a reveiw of both foreclosures and shortsales in North Kona and South Kohala.  In addition there we look at who's not making mortgage payments...
Can you believe interest rates are actually holding at under 5% right now.  Buying property is really an investment, where else can you find rates like this?  Many people today are getting more than 5% on investments so it makes sense to carry a mortgage rather than paying cash in this market.Ban...
Could it be that we're seeing the beginning of the end?  Probably not but it's a fun thing to think about.  If we consider Median Price for homes in North Kona we see it at $383,050, down <31%> from last year at this time.  Condo prices are down <34%> to $190,000, first time in a long time we've ...
Hawaii once again goes its own way.  While the rest of the country toys with the idea of recovery we wait for the waves.  New housing sales climb, we stop building and wait for the waves.  Existing housing moves up and down, we continue down and wait for the waves.  We seem to always be waiting o...

Robert Ferrari

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