Wednesday, August 29, 2007

Over-valued real estate #27 - Honolulu




Here is a chart requested by Tisha, who like many of us, is looking around for a reasonably priced home. Honolulu real estate prices move around like a rollercoaster. As of September 2005, prices were 33 percent above their long run trend. However, prices have increased by 98 percent over the last five years. Honolulu was coming out of a previous bubble.

Interestingly, the Honolulu Advertizer recently reported that house prices were finally slipping.

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