Leimana Fonoimoana
Suzanne Reed
Realtor-Associate
Realtor-Associate
808.220.6545
808.779.7431
lemanaf@betterhawaii.com
suzanner@betterhawaii.com
Hale`iwa Store Lots 66-111 Kamehameha Hwy. #902 | Hale`iwa, HI 96712
www.IslandHomeHunters.com
Great news, the National Association of Realtors Released the following updates: “In November 2013, the Consumer Financial Protection Bureau (CFPB) integrated the Real Estate Settlement Procedures Act (RESPA) and Truth in Lending Act (TILA) disclosures and regulations. Any transaction involving a mortgage will use new CFPB disclosure forms. The new TRID forms were to be implemented on August 1, 2015. However, the Consumer Financial Protection Bureau (CFPB) has proposed an amendment to delay the effective date of the implementation until October 1, 2015.”
To learn more about this update and what it means for your current and future real estate investments, please contact us at 220.6545 or 779.7431.
O a h u R e a l E s tat e
Market Report During May 2015, sales of single-family homes increased by 1.3 percent from May 2014, while condominium sales decreased by 1.5 percent compared to May 2014. The median price paid for single-family homes in May 2015 increased by 2.3 percent from the same month last year to $698,000. The median price for condominiums increased by 5.6 percent from May 2014 to $375,000. According to the Days on Market indicator, single-family homes were on the market for an average of 17 days, while condominiums were on the market for an average of 23 days. “This past May saw median prices for single family homes and condominiums rise,” according to the president of the Honolulu Board of REALTORS®. “The statistics are very similar to those of May 2014. We’re seeing improvement in the inventory of homes and condos, but demand remains high for housing at all points of the pricing spectrum.”
COMPANY COMPANY
Residential real estate is in high demand! If you are considering putting your home on the market, or taking advantage of the low interest rates, feel free to contact us for additional information. We’d be happy to provide you with a home value estimate or help answer any questions regarding your real estate needs.
{source: Honolulu Board of REALTORS®}
An Award-Winning Company Better Homes and Gardens Real Estate Advantage Realty has consistently been honored with a host of honors, including Honolulu Star-Advertiser’s 2015, 2014, 2013, 2012, 2011 & 2010 reader’s choice “Hawaii’s Best” Real Estate Firm award; Honolulu Magazine’s 2015, 2013 & 2012 reader’s choice Best Real Estate Firm award; Pacific Business News’2014, 2010 & 2011 50+15 Fastest Growing Businesses award; and Honolulu Advertiser’s 2008 & 2009 people’s choice “Best of the Best” Real Estate Firm award.