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 […]
Hawaii Real Estate
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 […]
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 […]
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 […]
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 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.
Residents in these cities are breathing a sigh of relief, as home values begin to appreciate again. But these aren’t double-digit gains. Those days are long gone, economists say.What you will find, however, are cities with better than average job growth, and metros fortunate enough to have missed out on the housing bubble and […]
Foreclosures in the state of Hawaii are down by 2%. This leaves all of us with cautious optimism, as our state may be starting to come out of the recession slide.