Using The Right Lender & Moving Quickly Can Make All The Difference
If you’re thinking about purchasing a home in the coming months, you may be wondering about the forecast for the Hawaii real estate market. You might be thinking, “Is now a good time to purchase a home or should I wait until later?”
The trends in Hawaii’s real estate market point to rising demand and rising prices, not only this year, but for the coming years as well. These effects can be seen as a result of low inventory and increasingly competitive market. In addition, the number of days a home is on the market is expected to decrease further. This means that homes will be sold at a faster rate and for a higher price. While this is good for home sellers, it is not ideal for homebuyers.
The State of Hawaii Department of Business, Economic Development and Tourism predicts that by the year 2025 Hawaii will need an estimated 66,000 additional housing units to meet the needs of our growing population (March 2015). However, the expected demand for homes exceeds the rate at which we are building them. So, if you’re thinking of buying a home, NOW is a good time to purchase before competition becomes fierce and prices soar.
CU Networks Services offers an array of loan products to fit your home loan needs. If you’re a first-time homebuyer, call CU Network Services right away for more information about their amazing First-Time Homebuyer loan program. A different path to home ownership can be achieved by purchasing land and building your dream home using their Vacant Land Loans and Construction Loans.
CU Network Services’ Owner-Builder Construction Loan and Home Equity Lines of Credit are great if you’re already a homeowner and looking to build an extension/addition to your house to accommodate a growing family. Whatever your needs may be, CU Network Services works with you to provide quick and reliable funding.
The experts at CU Network Services have over 60 combined years of experience and they are ready to help you renovate your home or to become a home owner. For more information on their loan products, call 783-8333 or visit their office at 715 S. King Street Suite 100.