SOME HIGHLIGHTS:
- Interest Rates are still below historic numbers.
- 88% of property managers raised their rent in the last 12 months!
- Credit score requirements to be approved for a mortgage continue to fall. The 723 average score is the lowest since Ellie Mae began reporting on scores in August 2011.
- The average first-time home buyer down payment was 6% in 2015 according to NAR.

Economic development on Larry Ellison’s island of Lanai continues to move full speed ahead with projects beginning as early as the end of this year and the addition of about 10 senior managers to Lanai Resorts LLC, which is headed up by Lanai-native Kurt Matsumoto.
Janie’s got a camera — but she had better not plan on taking pictures of rocker Steven Tyler frolicking in the Maui sun or through his bedroom window if a bill intended to protect celebrities from paparazzi passes the Hawaii Legislature.
Facebook founder Mark Zuckerberg apparently took some time out from having some fun in the sun with his wife over his holiday vacation in Hawaii to do a little real estate shopping in Honolulu.
Billionaire Larry Ellison plans to build a small, ultra-luxury hotel on Lanai and expand the island’s 1.5-megawatt La Ola solar farm.
Larry Ellison’s Four Seasons Resorts Lanai recently finished up renovations to the Manele Bay and The Lodge at Koele hotels.