Jack Suyderhoud, an economics professor at the University of Hawaii Shidler College of Buisness and an advisor to First Hawaiian Bank, gave an economic update for Kauai where he noted that the island's economy is holding steady but not increasing. Suyderhoud stated, "Like the rest of the state, the Garden Isle has seen strong tourism growth evolve into weakness in early 2014. There is concern that Kauai's costs for airfare and lodging have turned off some price-sensitive market segments. Thus Kauai needs to improve its value proposition to visitors. However, this has not yet hurt the overall economy (on Kauai) as real estate sales and prices have remained on positive trajectories benefiting from jobs and income growth and continued low interest rates. Guarded optimism may be the best description for 2015, especially if construction breaks out."
Source: Honolulu Star Advertiser, 10-3-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
