We have a wonderful assortment of articles, Big Island Calendar of Events, resources, tips and industry updates for you this month and we hope you enjoy. Some of these include:

In addition to Kelly's Blog (, you can now also follow him on Twitter @hilobrokers!

If you are having any difficulty reading the newsletter below, you may view the current (and past) newsletter here: 

In addition to the featured articles, don't forget to dig a little deeper for additional articles located in the "Daily News & Advice" area, as well as the "More Articles" section.

Kelly & the Hilo Brokers, Ltd. Team


Some Articles Copyright © 2009 Realty Times
All Rights Reserved.

Hilo Brokers, Ltd.
400 Hualani St., Bldg 21
Hilo, Hawaii, 96720

Office: 808-969-9400

Direct: 808-938-5757

January 2010 - Hilo Brokers, Ltd.


Quality Big Island Real Estate Service & Experience
for Over 20 Years!


Your Big Island REALTOR®:

Kelly H. Moran



Hawaii Market Reports - How Can I Get Them?

- By Kelly Moran


Wondering what the market conditions are here in Hawaii?  Wondering if it's a good time to buy or invest here?  How about specific towns on the Big Island, like Hilo, Pepeekeo, Keaau or other favorite places?

Of course, you can always call or email me and I'll provide you with a personal consultation, or, you can obtain some of this information yourself.

Market Conditions Reports

I will be posting periodic Market Conditions Reports to my blog that provide a summary overview on various areas on the island. If you sign-up to receive blog updates automatically, these will be included. Two new reports have been added recently, including a Big Island summary report and a Hilo report.

Market Snapshots

Market Snapshots is a great tool we've made available to our clients and visitors and it's FREE. You can plug-in an area on the Big Island and receive all types of market reporting. Some features include:

  • Create a personal automated schedule to receive reports

  • Price graphs, tables, charts

  • List prices vs. sold prices

  • Recent activity in the area (homes for sale, sold, newly listed)

  • Community information

  • School information

  • Interactive maps

Move-Down Buyers Can Be Eligible for Tax Credit Too

Move up, move down, move sideways; it just doesn't matter. Whichever direction you move, financially, you may still qualify for the new tax credit available to current homeowners. It is unfortunate that the credit has too often been characterized as a credit for "move-up" homeowners. The phrase carries the implication that the new home must cost more than the sale price of the former one. Indeed, even the November 6th White House Press Release said that the credit would be available to qualified homeowners who "wish to step up to a new home." Same implication.

So, it is worth emphasizing that the credit is equally available to homeowners who are moving down, cost-wise. The move-down homebuyer is not an unusual phenomenon. For years retirees ....



Mortgage Rates
U.S. averages as o December 24, 2009:

30 yr. fixed:   5.05%
15 yr. fixed:   4.45%
1 yr. adj:        4.38%

View current rates




Featured Listing

564 Spectacular Acres

Hilo Paradise! 564 spectacular acres with streams and huge waterfalls just 6 miles north of Hilo. Fantastic Mauna Kea Mountain and Hilo Bay views. Large parcels like this are rare to find so close to Hilo! The large size of this parcel offers a variety of potential uses, the diversified agriculture potential is unlimited, and the property has its own airstrip.

Click Here for More Info

Hilo Brokers iPhone Real Estate Search Application
- By Kelly H. Moran

We’ve created a customized, FREE, iPhone application that allows you to search hawaii real estate from your iPhone.

Read More or Download Here


 Real Estate Resolutions 2010

Sure you can lose weight, get in shape, launch a business or find a new job. But haven't you also procrastinated long enough about buying a home?
     How long has it been since you upgraded your home with a new roof, spiffed up landscaping or pulled some other home improvement?
     And that post-World War II ranch home of yours could certainly use a few energy efficient do-overs.
     Look to low mortgage interest rates, bargain home prices and other favorable market conditions to give you the resolve to consider home sweet home in your list of must-dos next year.

  • Join the nearly 18 percent of Americans who say they've resolved to become a first-time homebuyer in 2010, according to a new survey. That's both a smart move and a timely one. Mortgage rates are at record lows, prices are down and the $8,000 first-time home buyer tax credit has been extended until April 30, 2010. It's also been expanded to include a $6,500 tax credit ....


 Real Estate Investors Returning to Market

Savvy investors are always the first to jump in a potentially profitable housing market and a new survey indicates things are heating up.

More than 12 percent of homebuyers today plan to purchase a home as an investment, compared to less than half, only 5.6 percent, just seven months ago, according to a recent Homeownership Survey.

Foreclosure buyers account for 25.3 percent of consumers interested in purchasing a home and 42 percent of potential foreclosure buyers regard their purchases as investments, while 57.6 percent plan to live in the foreclosed home themselves.

"This latest Homeownership Survey validates what many had hoped to see in the housing markets -- affordable prices and ample inventories are restoring the appeal of real estate to investors while providing opportunities for first time home buyers to enter the market," said Move, Inc.'s chief revenue officer, Errol Samuelson.

Interest rates below 5 percent for much of the year and low home prices, which may be at or near market bottom, are also bringing investors back to the fold.

The survey of 1,004 consumers, conducted from October 16 to 18 this year, found:

  • Foreclosure buyers are confident they will profit from discounted purchase prices, as well as healthy appreciation rates over the next five years.

  • Most foreclosure buyers, 58.2 percent, expect to pay 20 percent or less than market price for a foreclosure, while 38.5 percent expect a 25 percent or greater discount.

  • Expectations are high -- 73 percent expect their properties to appreciate ten percent or more in five years, 28 percent expect their purchases to appreciate 20 percent or more.

Given the current market of flat and falling home prices, that may sound like high hopes, but explains that lenders want to unload overhead-heavy inventories of repossessed and foreclosed home. That forces lenders to list their homes below market and offer properties at a discount, giving the buyer some built in equity.

In some markets, especially resort and vacation rental markets, where rents are higher, conditions bode well for investors who want to enjoy positive cash flow as they wait for equity to build. "If you find a well-priced property located in a ....



Enroll Today!

Kelly's Blog is now available.
Read online, RSS feed, or receive easy email notifications of new posts. Just use the handy Subscribe links in the blog's right hand column.


Quick Search -
Hawaii Real Estate

Quick Search for Big Island Real Estate, including Featured Listings and options to search by price, area, features, new listings and more.


How to Save to Buy a Home

  It can be one of the hardest things to do -- save money for your first home. But now, more than ever, there's incentive to buy. Government housing tax credits have been extended and that's sparking buyers' interest.
     Reports show that U.S. homes sales increased 10 percent in October to the highest level since February 2007. The tax credit, less expensive homes, and lower mortgage rates are being credited. However, while the government is helping to support the purchasing of a home, many Americans still can't afford to buy one.
     "Most Americans are spoiled. Most Americans spend a lot of money on discretionary items," says Eric Tyson, co-author of Home Buying for Dummies, 4th Edition. "What it really comes down to is you have to be motivated to look at where are you currently spending money and what discretionary spending can you cut off," says Tyson.
     So how do you get in a position to buy a home? For some the process can seem nearly impossible. First-time homebuyers are often fearful they'll never be able to accumulate a down payment now that stricter guidelines are being enforced for taking out home loans. Tyson says to look over your finances and see where things can be cut


Wondering What
Your Home is Worth?
Let us show you

Daily News and Advice

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.


Market Snapshots Are Here



More Articles

December Round Up: Rates Still at Incredibly Low Levels

2010 and Rebuilding or Protecting Your Credit Score

Real Estate Outlook: Strong Sales Predicted
Avoiding 7 Costly Mistakes of Selling Your Home

Upcoming Island Calendar of Events


Date: 2/7/10
Place: Mooheau Park Bandstand, Hilo
Admission: Free
Contact: (808) 216-7372
Rasta people and everyone who likes good music are invited to this event, celebrating the legacy of reggae icon Bob Marley. Big Island and off-island bands, locally-grown foods, seeds and trees to plant, children’s activities and more.

Dates: Tues - Sun through 4/2/10
Times: 1:00 pm & 3:00pm

Place: Hilo’s high-tech Imiloa Astronomy Center planetarium
(808) 969-9700 or visit
This dynamic new planetarium show takes you into space to learn about the Interplanetary Boundary Explorer (IBEX) mission, which is drawing a new map of our solar system and Milky Way galaxy.


Dates: 2/1/10 - 2/22/10
Time: 9:30am
Cost: Free
Volcano Art Center in Volcano Village (corner of Kalanikoa & Old Volcano Roads)
Contact:  (808) 967-8222 or visit
Take a one-hour guided nature walk through an old-growth Hawaiian rain forest on an easy, half-mile loop trail. The walk introduces individuals, families, and groups to the native plants and birds of Volcano.


Dates: Wednesdays, 2/3/10 - 2/24/10
Time: 11:00am
Admission: $5 (children free)
Place: Palace Theater in Hilo
Contact: (808) 934-7010 or
A unique 45-minute cultural tourism program onstage. Experience Hawaiian history, traditions and culture through storytelling, film, music, oli and hula. Topics change weekly as the program revolves around the Hawaiian lunar calendar. Newly restored pipe organ featured.


Dates: 2/1/10 - 2/28/10
Time: By appointment only, 8:45am-12:30pm
 Ahualoa, Northeast Coast of Hawaii
(808) 775-1000 or (808) 775-1171 or visit
Ahualoa, on the Hamakua Coast, has long been an active agricultural region of Hawaii Island. Come visit three working farms and experience three of the unique local flavors of Ahualoa. The morning starts with coffee and fresh baked banana bread at Long Ears Hawaiian Coffee. Next you will drive just up the road to enjoy tea and goodies at Mauna Kea Tea Garden. Finally, another short trip up the road will bring you to Volcano Island Honey Company, where your morning will end on a sweet note. By appointment only.


Dates: 2/5/10 - 2/25/10
Times:  Mon/Tues/Thurs/Fri: 8:30am-4:30pm; Weds: Noon-4:30pm; Sat: 9am-3pm
Admission: Free
Place: Wailoa Arts and Culture Center at Wailoa State Park in Hilo
Contact: (808) 933-0416
Well-known Hawaii Island artists Jane and Linus Chao and their students celebrate the Chinese New Year in this show of this specialized Chinese-style silk-painting artistry as well as watercolors.



Kelly H. Moran
Web: or
Office: 808-969-9400 x11
Toll Free: 800-769-4456 x11
Mobile: 808-938-5757
Fax: 808-969-7900

Twitter: @hilobrokers

Hilo Brokers, Ltd.
400 Hualani St.
Bldg 21
Hilo, Hawaii, 96720


Equal Housing Opportunity