This is a movement that is on going. My understanding is that people are marching to congress and want the Banks to work more closely at a resolution to allow people to stay in their homes. Such as modifying the loan terms, rolling back house mortgage to current values, and other measures, instead of going directly to foreclosure. No it doesn't mean that people can stop making their payments. They are to be responsible. Responsible doesn't mean taking advantage of a bad situation.
Our housing inventory in California is at its very lowest and the Bank Owned and Short Sale properties have dropped significantly. Banks are acting appropriately by not flooding the market with those homes as they did when our values dropped due to the high inventory of distressed properties. So with that, I expect our inventory to be reasonable.
Aloha, that's a good question. It all depends on type of house you would want to build, how high end you would go. I could put you in touch with some local builders who could break down the cost. Then we can look at what homes are selling for in Princeville and compare. Please email me at Randy@hawaiilife.com or call at (808) 635-7680. Mahalo...... more