Surf breaks on the beach below the vacation home where President-elect Barack Obama will stay during his holiday in Hawaii.

The islandwide office market saw a sharp increase in vacancies during the third quarter of this year and asking base rents decreased, according to the latest Honolulu Office Market Report from Hawaii Commercial …

Home sales on Oahu will have declined by 27 percent in 2008 and prices will have fallen by 3.1 percent by the time the year finishes next week, according to a new report.

This fall’s economic crisis became more pronounced in Hawaii home sale statistics in November, with the number of sales down in every category.

This fall’s economic crisis became more pronounced in Hawaii home sale statistics in November, with the number of sales down in every category.

You have chose that you would like to go the vacation lease route for several reasons: privacy, comfort, location and cost effectiveness.

Sales of homes on Oahu went down nearly 31 percent in November while sales of condos plummeted 47 percent, according to the latest numbers from the Honolulu Board of Realtors.

Falling tax revenue has prompted the city to freeze hiring and ban some travel. The city’s moves are similar to those other municipalities are making to deal with an economic slowdown and a decline in tourism.

O’ahu home sales – especially condo sales – skidded in November but prices remained stable.

A hiring freeze is one of a series of cost-saving measures the city is implementing in light of declining tax revenues.