A majority of this article was taken from an article written by Rob Shikina of The Star Advertiser Tenants who reside in the any of city’s 12 affordable-housing properties can expect to pay more rent when private companies take over the properties, according to city officials. To prevent rents from increasing dramatically and to keep […]
Hawaii Real Estate
Big Island Condo Prices Surge on Kona Side
The real estate market is a tricky beast, especially in the economy we live in today. You never know what sort of stats you will see on a month-to-month basis. Not much good news has come out of Hawaii from a real estate perspective lately. However, in a surprise report, it seems that condo prices […]
Oahu Home Sales Up in August
The Honolulu Board of Realtors August home sales report came out today. Overall Oahu home sales for August were up from July, but prices remained lower than usual. Purchases of previously owned single-family homes on Oahu jumped 21 percent last month to 279 from 231 a year earlier. Condominium sales also rose, jumping 15 percent […]
The Allure in Waikiki Receives Enhancements and Reduces Unit Prices
The one-year old Allure condo building in Waikiki has gone through some recent enhancements, while at the same time dropping the prices on its units in an effort to sell out the struggling building. The Allure Waikiki is an upscale residential tower in Waikiki that hasn’t exactly sold how the owners thought it would. Allure […]
30-Year Mortgage Rate is Now Lowest On Record
The average rate on a 30-year fixed mortgage has fallen to its lowest level on records dating to 1971. The rates on the country’s most popular mortgage, the 30-year mortgage, dipped to 4.15 percent from 4.32 percent a week ago, Freddie Mac said today. Its previous low of 4.17 percent was reached last November. The […]
Dispute Over Hawaii Vacation Rentals Continues
More than 300 people attended the public meeting regarding a proposal to tighten the enforcement of laws in regards to Hawaii Vacation Rentals. The controversy has to do with unpermitted vacation rentals. Many are divided on the new proposed laws, as they say this will hurt their business. A new city bill that is supported […]
Home Sales on Oahu Slip in July
Both purchase prices and overall home sales of previously owned homes on Oahu slid some in July. This according to a report that was released today by the Honolulu Board of Realtors. The decline for single-family home sales was 7 percent to 251 transactions last month, down from 270 a year earlier. The median price […]
Hawaii Luxury Vacation Rentals are More Popular Than Ever
Hawaii luxury vacation rentals have become more popular than ever and with the large number available throughout the Hawaiian Islands you shouldn’t have trouble finding something to fit your needs.