is the leading full-service Commercial Real Estate fi rm on the Big Island. TCG is looking for potential qualifi ed tenants as well as commercial property owners who need leasing services for their property or a Leasing Agent and Property Manager. They also offer consulting services for commercial real estate issues. Monique Peacock, (PB) • Consulting • Sales/Leasing Services • Property Management LIGHTHOUSE BUILDING Landmark Property Great Visibillity. Center of Downtown Kona 400 sq. ft. Office Space, 1430 sq. ft. Retail PO Box 908, Kailua-Kona, HI 96745 • Offi ce (808) 329-1111 www.TCGKona.com • e-mail: info@TCGKona.com SPECTACULAR OCEAN VIEW This unit looks right out onto Magic Sands Beach! This 2/2 front corner unit has a great wrap around lanai. Convenient to everything! Minutes from the village of Kailua and Keauhou for shopping, restaurants and entertainment. Covered assigned tandem parking accommodates two cars. MLS# 80434 $499,500 THINKING ABOUT SELLING? KANALOA AT KONA 78-6831 ALII DR. STE. 163, KAILUA-KONA HI 96740 Each Offi ce is Independently Owned and Operated. WHITE SANDS VILLAGE KUAKINI HOUSE LOTS PANORAMIC OCEAN VIEWS Live in your own private resort! Private gated 3 bed 3.5 bath Estate is nestled on the slopes of Hualalai with unbeatable ocean views! Pool, Spa approx. 130 Mac nut trees and assorted fruits on 7.25 acres. MLS# 273130 $999,990 Leasehold John Miller Vice President, R(s) & Pam Miller, Broker John@LiveInKona.com | 808 315-5501 Pam@LiveInKona.com | 808 936-9997 SOLD CALL US TODAY 808-315-5501 O‘OMA 83 ACRES QUEEN K FRONTAGE 83 acres of great mixeduse project property. Ocean Views, Zoned MG-3A, commercial- Industrial. This is absolutely North Kona’s BEST Commercial Opportunity! MLS# 269612 $15,000,000 IN ESCROW KAHAKAI ESTATES PEEK OCEAN VIEWS 3/2.5 w/Pool. NEW: Granite, Tiger hardwood, Carpet, Travertine, Paint, Ovens & Cooktop. 33,000+ sq. ft. lot has peek ocean views. Spacious rooms with walk in closets. 3 acre park + close to beaches & town. MLS# 295600 $759,000 IN ESCROW Put the Global Sotheby’s Brand, Network and this Winning Team to work for you now! Together we can get your property SOLD! CALL US TODAY 808-315-5501 OCEAN FRONT MLS# 296367 $920,000 NEW LISTING 3/2 condo with spectacular ocean views! 3 pools and spa, tennis courts, guard gated, walking trails. Walking distance to Keauhou Bay, best beaches, shopping and entertainment. Located nearly on the golf course. Life is good at Kanaloa! West Hawaii Real Estate | July 6, 2016 19 Ultimately, Yun foresees housing starts ending up higher than last year (1.1 million), but still below the 1.5 million necessary each year to keep up with current demand. New home sales are likely to total 540,000 this year, which is only a little more than half the rate from the pre-boom years in the early 2000s. Yun said rents, which rose last year at a seven-year high, will be a big driver of future inflation, along with gas prices, and will ultimately steer the direction of mortgage rates. If rent growth continues at its current pace, inflation will be stronger and push rates higher. Slowing rent growth would have the opposite effect by keeping a lid on inflation and holding rates at a very manageable level. For now, he foresees mortgage rates continuing to hover around 4 percent in coming months before gradually moving upward into next year. Despite solid job gains in the past few years, Yun stated that economic growth continues to be unimpressive. The rising U.S. dollar against other foreign currencies and the slowing global economy since late last year would likely be causing our economy to teeter on the edge of a recession if it weren’t for the boost from the housing component of Gross Domestic Product. Through the rest of the year, he expects GDP to register at only 1.6 percent and be primarily kept afloat by housing and consumer spending. Even with underlying challenges, Yun explained that the housing market has come a long way since the depths of the recession. Mortgage delinquency rates – especially for Veteran Affairs mortgages – have subsided to near pre-crisis levels and home prices have rebounded substantially in a majority of metro areas, which in turn has boosted household wealth for many homeowners. “The economy should still expand enough to continue the current pace of job creation, which will in turn lead to slow, but steady sales gains for the housing market,” concluded Yun.
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