For members of the military there is good news.  Not only are prices down and interest rates low, but the US Department of Defense is increasing the housing allowance 2.5% for military members.

A typical E-4 with dependents living in Hawaii will receive about $2,001 per month, about $16 more a month than in 2009.   An E-8 with dependents will receive about $2,670 a month, approximately $125 more than a year ago.