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Oahu Real Estate: Using the Tax Credit

by John Riggins

The First Time Home Buyer Tax Credit has been extended and expanded, providing an excellent opportunity for people to buy Oahu real estate.  The tax credit has been extended until April 30, 2010 and homes must be closed by July 1, 2010. The gist of the tax credit is:

  • First time home buyers are eligible for a credit of up to $8,000.
  • Current home owners who have been in a home for at least five years are also eligible, they are entitled for a credit of up to $6,500.
  • There are income limits for the tax credit.  For individuals the income limit is $125,000 and for married couples the income limit is $250,000.  Individuals who make between $125,000 and $145,000, and married couples who make between $225,000 and $245,000 are entitled to a partial credit.
  • The tax credit is for the purchase of a primary residence.

The extended and expanded tax credit offers great incentive for people purchasing real estate on Oahu.  Contact John Riggins today for information on Oahu real estate.

Federal Funds Making a Difference in Hawaii

by John Riggins

Over 1400 jobs have been created in Hawaii from federal stimulus money, good news for Hawaii and good news that the money is being put in the right place.  The majority of the jobs that have been created in Hawaii have been state jobs.  Money is also being used to stop job losses in Hawaii’s government, helping with budget cuts.

Much of the money earmarked for Hawaii is expected to create jobs indirectly, through projects like roads, highways and bridges, housing improvements and affordable housing.  On Oahu the rail transit system will create a number of jobs when it gets underway.

All in all the federal funds being used in Hawaii are making a difference, positive news in a shaky economy.

Kapolei is Hawaiian Living on Oahu

by John Riggins

Kapolei is known as the second city on the Hawaiian island of Oahu, Honolulu being the first city.  Kapolei is a booming place, one which has grown significantly over the past few years and one that is projected to grow well into the future.  Kapolei offers the best of what Hawaii has to offer, an amazing lifestyle, employment options, shopping and fabulous dining.

Kapolei has attracted some large national stores in the past few years, including Costco, Target, Ross and Sports Authority.  All of which were attracted to Kapolei because of its growth and its future potential.

Kapolei is Hawaiian living.  For more information on real estate in Kapolei contact John Riggins today.  John Riggins has the experience and knowledge necessary to make your Kapolei real estate search educated and informed

Real Estate Reports for Oahu Show Positive Improvement

by John Riggins

The latest report on real estate on Oahu by the Honolulu Board of Realtors is positive, very positive.  The report shows a marked improvement in real estate sales on Oahu were up over 45% in November, compared with November of 2008.  That is a huge improvement that has many believing that the bottom has already arrived.

While the improvement in Oahu real estate sales is evident many are still cautious.  The fear of the tax credit expiring is believed to have inspired many off of the sidelines and into Oahu real estate.  The tax credit has been extended and expanded and will most likely continue to help real estate sales.

Mortgage rates are still hovering at historical lows and it is a great time to purchase real estate in Kapolei, as well as elsewhere on Oahu.

Displaying blog entries 1-4 of 4

Contact Information

Photo of John Riggins REALTOR RB11175 Real Estate
John Riggins REALTOR RB11175
John Riggins Real Estate
1003 Bishop Street, suite 2700
Honolulu HI 96813
808.523.7653
808.341.0737
Fax: 888.369.3210