Interest Rates

Another Advantage of Owning Your Own Home

We all heard the term “cash poor and house rich,” here in Honolulu, this is a statement that a lot of us can relate to.

But if you think about it, being house rich may [...]

It’s not just the interest rates

Interest rates are not the only reason people are rushing to buy real estate now.  All cash buyers are increasing in numbers. July marked second highest since March, 2012 (53% of all transactions were [...]

In the middle

Can you guess what’s special about $86,300? $86,300 is the new Honolulu median income for a family of four, an increase of four percent over last year according to this article in Pacific Business [...]

2012 in Review

What was the state of Oahu real estate in 2012?  Here is a quick review.

The chart below shows how Oahu’s real estate market performed in 2012 compared to the previous year.

Unbelievably, the number of [...]

House prices are on the rise 不動産価格上昇

The newest stats from the Honolulu Board of Realtors has confirmed that housing prices on Oahu are on the rise. If you recall the upside-down bell curve graph from high school math class, our [...]

Relief is on the way? 助けの手が来そう?

Great news for Bank of America home loan holders. As part of a deal the U.S Government made with the major lenders, BofA will make an effort to reduce the financial hardship of their [...]

Oahu home prices the most expensive in the nation… for now

For the first time in almost a decade, Hawaii home prices are the highest in the nation.  According to experts, this is a sign that Hawaii’s real estate market is stable, compared to those [...]

Mortgage rates lowest since 1970

Long-term mortgage rates this week ties a record low reached the week of April 2nd, the lowest level since at 1970.  Last year at this time, the 30-year fixed rate mortgage averaged 6.06 [...]

More problems for the troubled Moana Vista project

Back in 2006, people were lining up to purchase units at the Moana Vista condominium project. As the economy took a turn for the worse, people started backing out for fear that interest rates [...]

Historically low interest rates spark refinancing boom

According to Freddi Mac, the national average of interest rate last week has dropped to the lowest ever since 1971.  This historical low interest rate is sparking a big refinancing boom among homeowners trying [...]