Oahu, Hawaii real estate market

But Brewbaker, chief economist for the Bank of Hawaii, said a pattern of stabilization has recently emerged from Oahu’s latest real estate statistics — as it has in many other parts of the nation.

Below is what I also expect to see in Arizona.

When the slowdown became more obvious last year and the market started heading south, many people took a wait-and-see attitude, Brewbaker said. “People kind of went into their cave, but now they seem to be coming out and there’s been a reawakening in the market.”

A year from now I suspect we will be thinking that these were the good old days.