The recent article in the Star Bulletin says that the Hawaii Real Estate Market Is Seen AS Stable.

Hawaii will not experience the real estate meltdown as seen on the mainland, but despite more positive market fundamentals, sales are likely to continue slowing and average prices are likely to remain flat though year’s end. However, there still will be some winners in real estate in 2008. Those who weed through neighborhoods to identify good values likely will come out ahead.

What’s that? Good buys are to be had?

Hawaii’s low rate of foreclosure and stable mortgage industry insulated it to some degree from the housing troubles on the mainland, Brewbaker said.