Another report of the Federal Gov't investigating into subprime loans.

Fed targets subprime loans

Advertiser Staff and News Services
"WASHINGTON — Federal and state regulators yesterday announced a coordinated effort to weed out deceptive or unfair practices at some of the nation's largest subprime mortgage lenders..." <-click for full story.

Report on a problem with the Kukui Gardens sale.

Kukui Gardens sale hits federal snag

By Rick Daysog
Advertiser Staff Writer
"The $131 million sale of the Kukui Gardens affordable housing complex near Chinatown has hit a snag..." <-click for full story.

The Honolulu Advertiser's report on the newest Waikiki Luxury Condo, Allure, that recently opened for sales. It's off to a decent start! -Rick

Waikiki's new luxury high-rise condominiums still have strong buyer appeal
By Andrew Gomes Advertiser Staff Writer
"New luxury high-rise condominiums in Waikiki still have sturdy buyer appeal, judging by the response to the latest planned tower that recently began sales in the midst of Hawai'i's generally cooling housing market..."

Another article in the news about the cautions of non-traditional mortgages. Interest rates are going up! -Rick

Monthly mortgage payments going up
Andrew Gomes Advertiser Staff Writer
"Many Hawai'i homeowners with adjustable-rate mortgages will face higher monthly payments in the next year..."

Raceway Park owner wants it rezoned By Crystal Kua The Honolulu Star-Bulletin

"The owner of the old Hawaii Raceway Park site is asking the City Council to rezone the 66-acre property to turn it into an industrial park..."
This does not deal with residential Real Estate, but if you have been following my personal interests and hobbies, it's obvious why I keep close watch on this subject. You can read more about how it affects me under "About Me"... -Rick

State warns of higher mortgage rates Pacific Business News (Honolulu) - 11:48 AM HAST Thursday, July 5, 2007

"Homeowners with adjustable rate mortgages should prepare for interest rates to rise in the next year -- especially if they have subprime mortgages with nontraditional conditions...."
Hawaii's consumers have not widely used non-conventional mortgages as much as the rest of the Nation's consumers, but now the time has come, for the small percentage that have, to look into the next plan. -Rick

Oahu home, condo prices set record Pacific Business News (Honolulu) - 4:56 PM HAST Tuesday, July 3, 2007

"The price of housing on Oahu set a new record in June..."
Even with rising mortgage rates, the Oahu Real Estate prices have managed to set another record. This could show the presence of the international cash purchasing economy... -Rick

500 Guam government workers hit by pay cuts Associated Press Honolulu Advertiser Posted at 7:03 a.m., Monday, July 2, 2007

"HAGATNA, Guam — More than 500 top government workers in Guam, including members of the governor's Cabinet, are looking at paychecks this weekend that were cut 12.5 percent..."
Many local investors have been investing or looking into moving Real Property Investment to Guam from Hawaii's high prices. This news may affect future decisions regarding this idea. -Rick