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Oahu home prices fall 10% in September

May 11th, 2008 by admin

O'ahu home prices took their biggest hit of the year last month to upset what previously had been a mild downturn, as frightened consumers and battered credit markets appeared to shatter stability in Hawai'i's largest housing market.
Median sale prices of previously owned single-family homes and condominiums each dropped about 10 percent in September, according to the latest data from the Honolulu Board of Realtors.
The median single-family home Read the rest of this entry »

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When the Economy Hits Home

November 29th, 2007 by admin

At some point in the past 10 years, lots of people in my part of town went from driving Hondas and Fords to driving brand-new BMWs and Porsches.
I like cars, and I pay attention to them. I always wondered how all these folks managed to make enough money to properly afford $60,000 cars. I didn't get to know many of them very well, but the ones I did meet at soccer practice or Little League games seemed to have the kinds of jobs that paid about what Read the rest of this entry »

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