O'ahu single-family home prices, which began to cool last year, will likely remain in the $600,000 to $650,000 range for several years, according to one real estate expert. "We'd like to say that the market is stabilizing or normalizing," said Harvey Shapiro, research economist with the Honolulu Board of Realtors. "It's not overheated like it was."
The Honolulu Board of Relators yesterday released its quarterly housing market statistics for fourth quarter 2006, which provided further evidence that the housing prices are leveling.
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