Mortgage interest rate cuts improve affordability, renews optimism for buyers
In September, the Federal Reserve cut its benchmark interest rate by half a percentage point — the first such cut since 2020 — and may precede another rate cut later
Oahu’s housing demand remains high in August
Inventory is up, offering more choices for buyers across the island. And on top of more active inventory, comes more new listings, along with steady prices, and is breathing renewed
Mortgage interest rates dip to lower levels in nearly 15 months
The welcomed news of lower mortgage interest rates — the lowest in nearly 15 months — will provide qualified buyers lower, predictable monthly payments and more buying power in a
Housing market heats up, despite dip in condo sales
Typically, as the summer temperatures get hotter, so does Oahu’s real estate market. June median sales prices for single-family homes and condos saw a modest, year-over-year increase. There was also
Summer sales data show strong activity in more affordable price ranges
As the real estate market kicks into summertime high gear, affordability is at the forefront of buyer’s minds. And with mortgage rates hovering near 7%, and affordability low, buyers —
HBR reports positive recovery signs for Oahu’s housing market
Despite higher mortgage rates, and recent increases in homeowner’s insurance rates due to fire and weather events around the country, including the Lahaina tragedy, island home values remain strong. Yet,
Oahu home prices up 4.4%, up 3.5% nationwide
The cost of owning a home is on the rise, not only in Hawaii but across the nation as well. As the National Association of Realtors® reported (fourth quarter 2024),
Housing market on Oahu warms up in February
Since the New Year, the housing market on Oahu has taken what appears to be a decisive turn. For two months running, the statistics report that all three of the
Oahu market rebounds: prices, sales volume, new listings up in January
There are some excellent reasons to be excited about the future of our local real estate market. Prices are up. The Honolulu Board of Realtors® released the stats from