Does Housing Help the Economy or Does the Economy Help Housing?

If “the economy helps housing,” Honolulu’s housing market may be in for a rebound.

Honolulu Now Ranks 6th in the Nation for Economic Growth

According to an article in today’s paper, Honolulu is ranked 6th in the nation for metro areas. The report was composed by the Brookings Institution. Coupled with low inventory, it will be interesting to see what happens. Will this drive our housing market or not? When the government money for first-time homebuyer credits is shut off at the end of this month, will housing slow and take the economy with it? Only time will tell…

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