1. Berton Hamamoto (B), ABR, CRB, CRS, CFP Property Profiles Inc.

5. Housing Starts in thousands

7. Low interest rates How low can you go? $575,000 median price -$115,000 down $460,000 borrow at 4% = $2196 6% = $2758 $ 562

11. NAR Price is the median single-family in $ thousand Case-Shiller is an index value

13. Prices Up Bismarck Boston Buffalo San Diego San Francisco Washington, DC Prices Down Atlanta Chicago Las Vegas Miami Phoenix Portland, OR

14. IslandSingle Family Condo Oahu- 2.7%+ 1.3% Maui+ 10.0%+ 1.0% Kauai- 0.55%+ 18.37% Big Island+ 7.29%+ 16.12% Statistics provided by HBR, HIS & RAM

15. IslandSingle Family Condo Oahu- 3.0% ($575,000) - 1.6% ($300,000) Maui-6.0% ($ 433,500) -18.0% ($310,000) Kauai- 9.68% ($429,000) - 8.89% ($315,000) Big Island- 4.41% ($243,750) - 15.96% ($226,900) Statistics provided by HBR, HIS & RAM

18. Statistics provided by HBR Month 2011 % change June - 10.2% July - 12.5% August - 12.8% September - 14.6% October - 17.6% November - 16.7% December - 20.5%

19. Statistics provided by HBR NeighborhoodAnnual % chg Kailua/Waimanalo +2.3% $777,500 Hawaii Kai +8.9% $910,000 Mililani -2.5% $590,000 Pearl City/ Aiea -4.0% $570,000 Ewa Plain +1.1% $440,000 Makaha / Nanakuli -0.7% $284,950

20. Statistics provided by HBR NeighborhoodAnnual % chg Ala Moana area -2.0% $350,000 Hawaii Kai -3.2% $507,950 Mililani -9.9% $254,500 Pearl City/ Aiea -0.7% $273,000 Ewa Plain 0.0% $300,000 Waikiki 0.0% $285,000 North Shore +29.6% $285,000

24. Rent is CPI Primary Rent and Price is NAR median price

25. is this the perfect storm? Historically low rates Depleting inventory Pent up demand No new supply of housing Increasing incentive to buy vs. rent…….. Consumer confidence????

26. Election year means no action Jobs, consumer confidence “All real estate is local” Don’t believe all the headlines More than ever….need professional help! Great time to buy real estate! Price going up in some areas

27. Oahu may see 2%-3% increase in prices for SF ($590k), and 0% - 3% increase Condo prices Some neighborhoods....+? Neighbor Islands moderate improvement…stable prices 0%

28. In thousands