The Federal Reserve again cut its benchmark interest rate this week by a quarter percentage point, bringing 30-year, fixed-rate mortgages at First Hawaiian Bank to 6.5%, and a 15-year fixed
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
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
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
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
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 —
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,
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),
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