Stay up-to-date on the latest trends and insights into the Big Island real estate market, including trends in pricing, inventory, and sales activity. We’ll share our expertise on what’s driving the market and what buyers and sellers need to know to make informed decisions.
First-time buyers decreased to 26%. Baby Boomers bought 39% of homes, Gen X had highest incomes, and the Silent Generation had the highest share of married couples. Buyers used online tools and agents, while sellers used referrals. Existing-home sales increased 14.5% in February.
The current state of interest rates can significantly impact real estate market predictions by affecting mortgage rates, affordability, investment, and construction. Lower interest rates generally make mortgages more affordable, potentially increasing demand for homes and leading to higher prices. Additionally, they can incentivize investment in real estate and encourage new construction, affecting both supply and demand dynamics. However, it’s crucial to consider other factors such as local economic conditions, population growth, and housing supply when making real estate predictions, as interest rates are only one aspect of the larger picture.
Whats Going on The housing market in Hawaii, like the rest of the United States, has experienced a roller-coaster ride in recent months. Existing-home sales in February marked a significant turning point, reversing a 12-month decline and registering the largest monthly percentage increase since July 2020. In this blog, we will discuss the current state
Housing Housing Market Today: Update Read More »
Decline in Sales The Hawaii real estate market saw significant changes between January and February 2023, according to the MLS Sales Statistics report. The report indicates a sharp decline in the number of sales across all sectors, including residential, vacant land, commercial, condominium, and business. February 2023 witnessed a 43.34% decline in sales compared to
Big Island Market Update March 2023 Read More »
