Home Sales are Down, But the Drop in New Mortgages is Far Greater
Both O‘ahu and national numbers show 56% declines in new residential home mortgages during the first quarter of 2023 compared to the same period last year.
Real Estate
Condo Sales Start This Year for Latest Office-to-Residence Conversion
The transformation of the Davies Pacific Center will create mostly one-bed apartments, while leaving a few floors of offices.
At Least 10% of U.S. Home Sales Are DIY
The number of homes for-sale-by-owner was up nationwide in 2022. Several local companies offer to list the homes on MLS and handle the closing for a flat fee, but you do most everything else.
Weak Yen Helps Curtail Japanese Investment in Hawai‘i Real Estate
But a local expert expects Japanese investors – and tourists – will eventually return because their passion for the Islands remains strong.
Lawsuits Challenge a Central Part of the Real Estate Business
The actions test the assumption that sellers must pay the commission for a buyer’s agent.
Your Hawaii Home Insurance Rates Have Probably Gone Up. Here’s Why.
The reasons are numerous, including rising construction costs, leaking pipes and Florida’s Hurricane Ian. But there are ways to reduce your premiums.
As House Prices Fall, Condo Prices Are Up in Seven Regions of O‘ahu
But just about everywhere on the island, fewer condos were sold in the first quarter of this year compared to last year – much fewer.
Bill Might Require Training for Volunteers Who Serve on Condo Boards
But it’s already hard to recruit people to the boards, says one critic, and such a requirement would make it even harder.
Update on Real Estate Bills Alive or Stalled at State Legislature
Bills about converting cesspools and reclassifying agricultural land have been sidelined, but other real estate legislation is either still alive or has been sent to the governor.
