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5 Reasons This Real Estate Market is Nothing Like 2008

We hope you and your loved ones continue to stay safe and healthy. The coronavirus continues to dominate every aspect of our lives, both here in the United States and across the globe, and even though it can be hard to stay up to date with the latest changes, it is our goal to keep you informed. 
With all of the volatility in the stock market and uncertainty about the Coronavirus (COVID-19), some are concerned we may be headed for another housing crash like the one we experienced from 2006-2008. The feeling is understandable. Ali Wolf, Director of Economic Research at the real estate consulting firm Meyers Research, addressed this point in a recent interview:
“With people having PTSD from the last time, they’re still afraid of buying at the wrong time.”
There are many reasons, however, indicating this real estate market is nothing like 2008. Here are five dramatic differences.
  1. Mortgage standards are nothing like they were back then
  2. Prices are not soaring out of control. 
  3. We don’t have a surplus of homes on the market. We have a shortage.
  4. Houses became too expensive to buy.
  5. People are equity rich, not tapped out. 

Watch our video above to learn more about these statistics. 

As best it can, the real estate industry will continue to operate during these trying times. Agents across the nation are taking precautions to keep themselves and their clients safe as they navigate transactions, interacting with clients remotely when possible, limiting the number of people who come to a home’s showings, and/or leveraging virtual home tours to replace in-person contact as much as possible. 

If you have questions for us or if we can assist you in any way, don’t hesitate to reach out via phone or email today. We’re here to help.

How We Are Operating in a Safe Manner

We just want you to know we're here to help…

Our phone number is 808-234-4421.

Our hearts go out to our families with children with schools shut down, our seniors in assisted living, our neighbors at the hospitals, our local businesses struggling and anyone impacted by this pandemic.

We’ve been selling real estate for over 15 years here on Oahu. We're fortunate to know people who may be able to help you out for a trip to the grocery store, watching children, or even getting bills paid.

You’ll be surprised how many good people are here on Oahu happy to help you.

Call us, again, if you need anything. Our number is 808-234-4421. It does not need to be about real estate. It can be a personal issue. We'll see if we can assist in some way.

Of course, we’ve been asked “How do I sell my home at this time?”

Homes are still selling. Our Federal Reserve just dropped their interest rate to near zero to keep the money moving for people buying homes. It’s quite unprecedented.

We can video conference, if you prefer, instead of an in-home selling consultation. We’ll likely have enough information to list it for sale with a quick tour on your phone, tablet, or laptop.

We have a full-time, in-house photographer who does 3D virtual tours on Matterport, following complete safety precautions. All of our listings already have virtual walk-throughs available on our website. We can sell it without in-person showings, too. We've been successfully doing this for years.

When we do show your home, we’ll provide a hand washing station and anything else the CDC recommends to lower everyone's risk of infection.  We have a sanitization checklist that we follow for all showings.Safety is our #1 priority for you.

Some of the top Google searches now in real estate are “home prices dropping” and “home prices falling”. That’s not the case at this time. We'll keep you updated on this. We have a video upcoming that speaks to our current market.

We're here to guide you and make fact-based, researched decisions if you need to sell your home (or buy one) since life must go on for those in situations who need to move.

That may be you or someone you know. We have your back.

We're here to help. Check our COVID-19 Resource Page.

Our number is 808-234-4421.

Leadership, Courage and Authenticity with Char Wilson and Tiare Fullerton

Our featured guest in this episode of the Team Lally Radio show are Dr. Charletta Wilson of Capeesh Consulting and Tiare Fullerton from Mortgage Associates of Hawaii. Char tells us about the progress and community response of the Dare to Lead program since its launch. Tiare shares her experience and success story from working with Char in the Dare to Lead program.

Also in this episode: Quotes of the day, Tips of the week, special events, this week's Open houses and Coming soon listings. 

Who is Char Wilson?

Dr. Charletta Wilson is the founder and principal consultant of Capeesh Consulting, a Hawaii based leadership firm. She's a bonafide military brat, but calls Hawaii her home, where she's lived for the past 15 years. She is an organizational psychologist who consults/coaches leaders around leadership - namely courage skills. 

Who is Tiare Fullerton?

Tiare Fullerton is the Branch Manager & Senior Loan Consultant for Mortgage Associates of Hawaii. She has built her profession as a mortgage lender since 1992, and specializes in home loans for Veterans, the self-employed, and the financially sophisticated clientele.

To reach Char you may contact her in the following ways:

Phone: 808-798-4045
Email: Char@capeeshconsulting.com
Website: Capeeshconsulting.com

To reach Tiare you may contact her in the following ways:

Phone: 808-237-5500
Email: tfullerton@mahiloans.com
Website: http://www.mahiloans.com
Facebook: https://web.facebook.com/MAHiLoans/