I have been trying to follow the Hawaii market to see what prices are doing but it’s difficult to know. There are a few real estate websites I peruse every now and then:
And then there is craigslist which has not very well attended chat forum.
I would have thought that a place like Hawaii would have a fairly high second home market and that this would be one of the first areas to be affected by a downturn. (It seems condos are already being affected). The Big Island appreantly still has bargains, but that is at price so to speak. Hawaii is also probably particularly sensitive to the economy as a whole, as it depends on tourism. Quite how that might impact on the local home market I don’t know, but if you are able to break through the usual hype, and find the truth let me know.