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May 18th, 2007

Hawaii’s Economy Still Growing

The Honolulu Advertiser posted an article today titled, Economy Still Growing  that states Hawaii’s economy is still growing at a better rate than the national average. Hawaii’s economy appears to be in good health and still growing after several years of rapid expansion.  As the state with the lowest unemployement in the US, this means that wages should still continue to increase and the number of jobs created should still increase.  This means a good outlook for the real estate industry and home prices.  A negative turn for the economy conversely would mean less people would have the opportunity for jobs and wages most likely wouldn’t increase as fast, causing a ripple effect for home prices.  We just aren’t there though and the outlook is good for the next several years.

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Posted by scott on May 18th, 2007 in Real Estate |

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