Hawaii Real Estate: Still Falling?

Aloha Kakou:

Some believe that the precipitous drop in the number of real estate sales from 2008 to 2009 means we've still got a ways to go before Hawaii real estate hits the bottom.

Hawaii has always lagged the mainland in real estate price adjustments, both when prices were falling and now when they're rising. We may still have some time before we see state-wide sales and price increases.

http://www.starbulletin.com/business/20090818_Hawaii_real_estate_market_to_fall_further_expert_says.html