NAR identifies top markets in dire need of more housing 83 acres of great mixeduse project property. Ocean Views, Zoned MG-3A, commercial- Industrial. This is absolutely North Kona’s BEST Commercial Opportunity! 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! Unique beach cottage with unobstructed ocean views! House sits directly Kahalu’u Beach and iconic St. Peter’s Church. This beach gem is recently remodeled paint, water heater, 200 amp electric panel, stove, fridge & washer/dryer. 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 78-6831 ALII DR. STE. 163, KAILUA-KONA HI 96740 Each Offi ce is Independently Owned and Operated. Island living at its best! Recently updated 4 bedroom 4.5 bath estate has exquisitely appointed architecture with resort quality features. Wellthought out fl oorplan that allows separate living areas or combined quarters to accommodate an entire household. KANALOA AT KONA GOLF COURSE VIEW 2/2 condo has golf course Views and 2 lanais. 3 pools, spa, tennis courts, guard gated, walking trails. Walk to Keauhou Bay, best beaches, shopping and entertainment. Great Opportunity. MLS# 297117 $435,000 John Miller Vice President, R(s) & Pam Miller, Broker John@LiveInKona.com | 808 315-5501 Pam@LiveInKona.com | 808 936-9997 KANALOA AT KONA OCEAN FRONT MLS# 296367 $920,000 KAHALUU BEACH LOTS DIRECT OCEAN VIEWS across Ali‘i Dr. from with NEW roof, MLS# 299512 $749,900 O‘OMA 83 ACRES QUEEN K FRONTAGE MLS# 269612 $15,000,000 NEW LISTING KE ALOHI KAI PINEAPPLE HALE MLS# 299544 $1,790,000 NEW LISTING KAHAKAI ESTATES PEEK OCEAN VIEWS MLS# 295600 $759,000 SOLD 12 West Hawaii Real Estate | October 12, 2016 Single-family home construction is currently lacking in 80 percent of measured metro areas despite steady job creation and the low activity is creating a housing shortage crisis that is curtailing affordability and threatening to hold back prospective buyers in many of the largest cities in the country, according to new research from the National Association of Realtors. NAR’s study reviewed new home construction relative to job gains over a three-year period (2013-2015) in 171 metropolitan statistical areas (MSAs) throughout the U.S. to determine the markets with the greatest shortage of single-family housing starts. The findings reveal that single-family construction is startlingly underperforming in most of the U.S., with markets in the West making up half of the top ten areas with the largest deficit of newly built homes. Lawrence Yun, NAR chief economist, says a large swath of the country continues to be plagued by inventory shortages exasperated by critically low homebuilding activity. “Inadequate single-family home construction since the Great Recession has had a detrimental impact on the housing market by accelerating price growth and making it very difficult for prospective buyers to find an affordable home – especially young adults,” he said. “Without the expected pick-up in building as job gains rose in recent years, new and existing inventory has shrunk, prices have shot up and affordability has eroded despite mortgage rates at or near historic lows.” The top 10 metro areas with the biggest need for more single-family housing starts to get back to the historical average ratio are: • New York (218,541 permits required) • Dallas (132,482 permits required) • San Francisco (127,412 permits required) • Miami (118,937 permits required) • Chicago (94,457 permits required) • Atlanta (93,627 permits required) • Seattle (73,135 permits required) • San Jose, California (69,042 permits required) • Denver (67,403 permits required) • San Diego (55,825 permits required) According to Yun, most of the metro areas with the biggest need for increased construction have strong appetites for buying, home-price growth that outpaces incomes and common instances where homes sell very quickly. Their healthy job markets continue to attract an influx of potential homeowners, only fueling the need for more housing. “The that many going under Salomone,Florida.not get a Realtorand rely success Looking in many 2014 as shortages.rebounds continue higher skilled builders Recent preference concludes buyers needed remain and income
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