Foreclosures in Hawaii had been a major problem for some time. And while they still are, a new state law has caused a major drop in foreclosures in the state. Hawaii home foreclosures dropped for a fourth consecutive month in September under a state law that created a freeze on many new out-of-court cases. A […]
Hawaii Real Estate
Castle and Cooke is Still Pushing for Koa Ridge Approval
Castle and Cooke is still pushing for approval on the Koa Ridge project. The 5,000-home Koa Ridge development plan is headed back to the state Land Use Commission for the third time this decade. The latest halt of the project came in July, when a state judge halted the Koa Ridge project, ruling in favor […]
Oahu Home Sales Up While Prices Continue to Fall
Oahu home sales were up in September, while home prices continue to fall.The Honolulu Board of Realtors said Friday that 284 single-family homes were sold on Oahu last month, up 4 percent from 273 in September 2010. The increase followed a 23 percent jump in August. Before that, sales volumes had declined for four consecutive […]
30-Year Mortgage Rate Falls Again, Sets Another Record for Low
30-Year mortgage rates continue to fall. After setting a record low a couple of months ago, the 30-year mortgage rate has fallen again and set yet another record low. The average rate on the 30-year fixed mortgage fell to 3.94 percent this week, the lowest rate ever. For those who can qualify for the historically […]
New Waianae Apartments Offer a Boost to Affordable Housing on Oahu
Lets face it. Housing in Hawaii – whether you rent or own, is just too expensive. Even as recent as this month it was reported that Hawaii leads the nation in rent and housing costs. However, a recently completed apartment building in Waianae is hoping that it can offer a boost to Oahu’s affordable housing. […]
Mortgage Rates Hit Another Record Low, Expected to Continue to Drop
Mortgage rates have fallen for the fourth straight week to yet another record low and are expected to continue to drop even further. The average on a 30-year fixed mortgage fell to 4.01 percent this week, according to Freddie Mac. That’s the lowest rate since the they began keeping records in 1971. The last time […]
Wyndham Vacation Opens New Royal Garden Timeshare Unit in Waikiki
Waikiki was just flooded with 140 new timeshare units, as Wyndham Vacation Ownership opened the 140-unit property at 440 Olohana St., between Kuhio Avenue and the Ala Wai Canal, to its time-share customers last week, and plans to begin sales of time-share interests at the Royal Garden within the next month. This will be the […]
Hawaii Leads Nation in Home and Rent Prices
As most of you already know, Hawaii ranks among the top in the nation when it comes to rent we pay and housing costs we pay. However, we dwell near the bottom of the barrel in home ownership. Not surprising, seeing as how the median price of a home in Hawaii is $525,400, compared with […]