Just about every person I speak with about real estate asks the same question:  have we hit bottom yet?  The following paragraphs answer that question with another question:  does it matter?

Whether Honolulu real estate hit bottom a few months ago or is going to bottom out a few months down the road, I think most people agree that we’ll see better times in the future.  I say this with conviction; it is still a buyer’s market in Honolulu real estate.

Here’s another relevant question to consider:  isn’t it better to buy near the bottom than miss it entirely?  This concept applies to more than just real estate; it also applies to most investments such as common stocks or mutual funds.

Consider what’s happening in the other 49 states.  Some markets are still on the way down, some are stabilizing and others are on their way back up.  Whether the market hit bottom a couple of months ago, is at the bottom now, or will hit the bottom in a couple of months, the next market top is a long way off.

I say again, Honolulu is a buyer’s market.  Property values are lower than they have been in 4-5 years.  Interest rates are still near all-time lows, but they won’t stay that way forever.  For all we know, the Honolulu real estate market might be more affordable today than it will be for many years to come.  Whether you are searching for a primary residence, a second home or income producing property, it is a great time to invest in real estate.

Contact Michael Zimmerman for more information.

Contributed by Michael Zimmerman
Direct:  808-457-9683
Michael@Michael-Zimmerman.com
http://www.michael-zimmerman.com
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