How the real Estate Market is Doing on Oahu, Big Bear and nationwide
It is good to be back over in the Hawaiian island of Oahu after my little vacation to Big Bear, California, writing again: All in all, it appears that certain financial institutions moving rather slowly overall to take take back said real estate assetts via the regular foreclosure process after the processing irregularities which of course made a big splash last year on the whole. Generally speaking, this said real estate market had most definately been one of the stranger parts of the overall financial issues as of late. For example, home prices peaked in early 2006, and began the rather steep drop we all know about into 2007. In addition to that, we have also witnessed some interesting events quite unlike anything we have experienced in the past.
One example of that is that the low inventory does not appear to be driving prices much higher, including in Oahu and Big Bear. Speaking of that, this Big Bear real estate
I can endorse. Nick Timiraos wrote a story
For his part, Timiraos notes that there is still a large “shadow” supply of foreclosures and other distressed homes, estimated, he says, to be more than one million that is likely to come onto the market in the coming years.
We are all aware that high unemployment is another great depressor in the economy. With at least 9% of Americans sans jobs, the housing market is not going anywhere too soon. I sometimes wonder how these events will ultimately shape both the Big Bear and also Oahu Real estate properties over the long haul. We will see, I guess.
Timiraos also quotes Ross Kutash, an who is in the market to buy a home in the Los Angeles area, as saying, “On paper, all of the conditions are great for buying, but the reality doesn’t seem to match that. I wouldn’t describe it as a buyer’s market so much as no market at all.”
Very strange and disheartening, indeed; there are few homes out on the market for the buyers that are there to buy

