North Kona Home Sales

BANK OF AMERICA released it’s monthly report on April 5th. On Page 16 it said, “There is no first time buyer traffic, therefore the move up buyers are unable to sell their homes.” Sub-prime lenders have changed their down payment requirements, with most loans now requiring 10% down.

The implication here being that after 7 years of sharp increases in property values, few first time buyers have 10% of the value of an entry level home. The failure of many sub-prime lenders and subsequently the increased requirement for larger down payments is putting even more pressure on an already suffering real estate market. BOA does not paint a rosey picture across the nation but points out a few specific markets that are having a better different experience.

This is a hard-core investor oriented report that discusses general real estate, developer performance and the implications these may have on the performance of related securities. It is 60 pages long. As I am a survey participant, I should have it available early each month.

FOR A FULL COPY, send me your e-mail address and I will add you to my mail list for those who are interested Serious Real Estate Reports. Feedback from my customers who are into stocks and real estate is that they want to see this report as soon as they can get it every month.

Joyce Murphy, Realtor Broker
Hawaiian Isle Real Estate LLC
Luxury Real Estate Florida, Inc.
In Real Estate, Experience Counts
808-443-4302 / 808-327-1155
More Kona Real Estate Information at:
www.LuxuryRealEstateHI.com

Filed under: Real Estate Information