Does My Asking Price Matter?

The Chief Economist for the National Association of REALTORS® posted an interesting chart below. It shows that over time, sellers of homes take ever increasing discounts to sell their property. Basically, the longer the property is on market then the larger the price reduction. The chart reflects a national trend, and we see the same when looking at statistics for West Hawaii. 


 

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Hawai‘i County Launches Home Improvement Loan Program

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  Here is a Press Release from the Mayor's Office regarding this program: The County of Hawai‘i Office of Housing and Community Development (OHCD) announces the launch of the Home Improvement Loan Program (HILP) — a new initiative designed to help local homeowners make essential repairs and upgrades to their homes. HILP provides low-interest loans ranging from $2,500 to $50,000 at a 3% simple interest rate to eligible low- and moderate-income homeowners. The program is intended to help families repair, improve, or modernize the homes they personally occupy as their primary residence.   “The Home Improvement Loan Program provides assistance to qualifying homeowners who need to make essential repairs,” said Mayor Kimo Alameda. “By extending the life of existing homes, we are supporting housing stability for families and our kūpuna.”   Homeowners who are 62 years or older, or who have a disability, may be eligible to have 50% of the loan’s principal balance forgiven at the e...
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