There was a great article regarding the Oahu housing market that was published in the Honolulu Advertiser recently.  Amongst all the bad real estate and economic news on a national level, Hawaii has been one of the bright spots.  Our economy is healthy, unemployment is low and housing has done well.  Add to that the comments made by the San Francisco Fed Reserve Bank CEO and Hawaii looks to be well positioned.

O’ahu single-family home values may have been a bit stronger than local home resale data indicated in the fourth quarter of last year, according to a federal report.

The Office of Federal Housing Enterprise Oversightsaid single-family home prices in the October-December period rose 4.5 percent on O’ahu and 2 percent statewide compared with the same quarter in 2006.

The report released yesterday is based on sale or refinancing values of homes during the quarter compared with sale or refinancing values for the same properties a year earlier.