Prices Off The Chart In Hawaii
Home and land sales are through the roof in Hawaii, Realty Times reports. "According to the year to date sales report for April 2005, provided by the Hawaii Information Service, the median sales price, for residences increased from $250,000, in 2004, to $360,000, to date. Wow! That's a whopping $110,000 (44%) increase. Vacant Land sales went from $20,000 in 2004 to $38,250 (91.25%), and Condominium sales increased from $239,900 to $346,000 (44.23%)."
This explaination is wearing thin. "Doug Duncan of Mortgage Bankers Association, says 'Strong support for home sales has been provided by a recent decline in interest rates, strong jobs market, and nice weather during the spring-buying season.'"