West Hawaii Real Estate | November 9, 2016 17 being quickly decent rebound the monthly from being quarter, existing homes 6.8 percent homes for quarter in during the — down growth last mortgage rates family slightly compared to a single-family price, down income of payment $48,942, needed for a rise prospective buyers could face weakening affordability conditions in their market unless supply dramatically improves,” added Yun. “That’s why it’s absolutely imperative that homebuilders ramp up the production of more singlefamily homes to meet demand and slow price growth.” The five most expensive housing markets in the third quarter were the San Jose, California, metro area, where the median existing singlefamily price was $1,000,000; San Francisco, $835,400; urban Honolulu, $745,300; Anaheim-Santa Ana, California, $740,100; and San Diego, $589,300. NAR President Tom Salomone, broker-owner of Real Estate II Inc. in Coral Springs, Florida, says the Federal Housing Administration’s recently-announced rule change to lower the owner-occupancy requirement for approved condominium buildings from 50 percent to 35 percent under certain conditions is a step forward for prospective buyers considering a condo. “Condos have typically been an attractive and viable option for firsttime buyers, and recent NAR data is showing that they’re having a little more success,” he said. “With this lower owner-occupancy requirement, Realtors will have more options for their clients looking to purchase a condo with an FHA mortgage. While we believe all condo buildings should have the rules applied to them equally, we also believe FHA has heard the concerns of Realtors® and is moving in the right direction.” FURNITURE FURNITURE NEW & NEARLY NEW • ALSO REUPHOLSTERY • We buy, sell & trade Will pick up one item or a houseful! 329-4477 DRYWALL CONTRACTOR Drywall Installations Hawaii Quality Licensed Professionals Metal Stud Framing / T Bar Ceiling Hang, Tape and Texture Demo / Rubbish Removal Vacant Land Loans Rates 5.25% as low as: APR* No points with up to 75% financing!** $QQXDO3HUFHQWDJH5DWH:LOOORDQXSWRRIWKHDSSUDLVHGYDOXHRUVDOHVSULFHZKLFKHYHULVOHVV7KUHHDQG¿YH\HDUWHUPV DYDLODEOH$¿QDOEDOORRQSD\PHQWLVGXHDWWKHHQGRIWKHWHUP0RQWKO\SD\PHQWLVFDOFXODWHGXVLQJD\HDUDPRUWLDWLRQ$OOORDQVDUH VXEMHFWWRFUHGLWDSSURYDO5DWHVDQGWHUPVZLOOEHGHWHUPLQHGEDVHGRQLQGLYLGXDOFUHGLWZRUWKLQHVV0DLPXPORDQDPRXQWIRUSURSHUWLHV ORFDWHGLQ/DYD+DDUG=RQHVDQGXSWR0XVWEH\HDUVRIDJHWRTXDOLI\IRUDORDQ0XVWEHDPHPEHUWRSDUWLFLSDWH )HGHUDOO\LQVXUHGE\1&8$ ELECTRICAL NO JOB TOO SMALL FOR ALL YOUR ELECTRICAL NEEDS, WE WELCOME YOUR CALL. Ph/Fax: 325-1600 Cell: 936-0260 Lic.# C-24983 allphaseelectrical@hawaii.rr.com "Specializing in Solar Power Services" 808-930-7700 hicommfcu.com 5HY 74-5490 Kaiwi St. Kailua-Kona by Ace Hardware PROPERTY CARE “We provide personal care and check your home / condo while you’re away.” VacationHouseCheck.com Joan@vacationhousecheck.com (808) 987-1869 Est. 2005 Joan & Peter Kinchla RESIDENTIAL • COMMERCIAL • TENANT IMPROVEMENT & REMODEL 808-896-3739 • dih2001@hotmail.com Ashford Alices Owner • License #C-21983 GATES Custom Railing Systems-Aluminum-Stainless-Glass & Cable Design-Materials-Installation Fencing & Custom Gates www.railingsystemshawaii.com btremain@railingsystemshawaii.com Bob Tremain Licensed C-25912 73-4272 Hulikoa Dr. Kailua-Kona, HI 96740 Cell: 808-938-9526 Ph. (808) 325-6105
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