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Honolulu in Top 20 Recovering Metropolitan Areas

Good news from the Brookings Institution's MetroMonitor report.
September 25, 2009

Honolulu in Top 20 Recovering Metropolitan Areas

Maui Real Estate for Sale

By Mark Harbison

According to the Brookings Institution's MetroMonitor report, Honolulu was in the top twenty strongest-performing metropolitan areas in this year's second quarter.

MetroMonitor has been watching the 100 largest metropolitan areas in the nation and reporting on a quarterly basis how well they are recovering. They rank based on percent change in employment and unemployment as well as the percent change in gross metropolitan product (GMP) and the percent change in housing prices.

The GMP is based on total value of goods and services produced within a metro area.

Honolulu's presence in the top twenty is a very reassuring sign. Honolulu's job loss rate slowed between the first and second quarters. Unemployment was at 2.7 percent in June compared to June 2008 which ranked Honolulu at number 18.  Employment was off by 2.5 percent, putting Honolulu at number 26. The GMP dropped 1.5 percent from its peak, putting it at rank number 9. Housing was the real rough area with prices down by 3.6 percent ranking at 64th.


As for Maui real estate, we recommend that you browse the Wailea Fairway Villas for some lovely homes, or perhaps the homes for sale in Maalaea. If you have any questions or would like to contact us, you can call (866) 874-1942 toll free or Lisa's cell at (808) 283-7426. You can also email mark@realestatemauihawaii.com or lisa@realestatemauihawaii.com.

Blogs for September 2009

Honolulu in Top 20 Recovering Metropolitan Areas

Posted on September 25, 2009
Honolulu in Top 20 Recovering Metropolitan Areas

By Mark Harbison

According to the Brookings Institution's MetroMonitor report, Honolulu was in the top twenty strongest-performing metropolitan areas in this year's second quarter.

MetroMonitor has been watching the 100 largest metropolitan areas in the nation and reporting on a quarterly basis how well they are… Continue Reading

Kihei Rotary Club Sponsored Dinner Cruise

Posted on September 18, 2009
Kihei Rotary Club Sponsored Dinner Cruise

By Mark Harbison

The Kihei Rotary Club has sponsored a sunset/full moon dinner cruise which will take place on October 3rd. Departing at 5:30p.m. and returning at 8p.m., the cruise will combine the romance of a full moon with the beauty of the Maui sunset and… Continue Reading

Kihei Free Lecture on Travel Photography

Posted on September 11, 2009
Kihei Free Lecture on Travel Photography

By Mark Harbison

In conjunction with the Maui Photo Festival and Workshops, Rick Sammon is holding a lecture on travel photography which is free to the public. It will be held on September 14th at 6:30p.m. at the MEDB's Training Center in the Maui Research & Technology… Continue Reading

Honolulu Jobless Rate Dropped in July

Posted on September 04, 2009
Honolulu Jobless Rate Dropped in July

By Mark Harbison

Although it may seem like it at times, it's not all bad news out there. There have been a lot of foreclosures and job losses in the past year, but there has been a nationwide increase in existing home sales as well as… Continue Reading

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Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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