Buying a Home

Prices Are Dropping Fast

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Wow, the price drops started fast. The highest share of sellers on record dropped their list price during the four weeks ending June 12 as mortgage rates shot up to levels not seen since 2008 according to Redfin.

Mortgage Rates Go Over 6%

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According to Mortgage News Daily, today’s rate hit 6.28%. I know that sounds high but check out the 18.53% rate in October of 1981. Hopefully, inflation will start to go down without the radical increase in the interest rates that we saw in the 70s and early 80s. Keep in mind we are more sensitive … Read more

The Oahu Real Estate Market is Changing

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Active Single Family inventory is up 39.8% from a year ago. Single Family homes from $600,000 to $999,999 sales dropped 41.2% compared to one year ago. Two red flags that are screaming this market is changing.

Oahu Monthly Mortgage Payments rise 68.6%

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The monthly mortgage payment for the median-priced home on Oahu rose 68.6% since January 2021. This is due to the price of homes increasing significantly along with a higher interest rate on loans. The Fed says inflation is up 4.7% in 2021. I guess the cost of a mortgage payment is not included in their … Read more

38 Offers Received

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Our buyer was one of 38 offers this property received.It seems the market is still hot for homes priced right.Here is the home. https://www.oahure.com/SearchMLS_Details.php?MLSNumber=202209485&PropertyType=RES&Screen=Spreadsheet2

Class Action Lawsuit Against Realtors is Granted

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Realtors nationwide are going crazy because last Friday a federal judge granted class-action status in a lawsuit seeking to recover $1 Billion from Realtors. Realtors are saying they already spent that money and making a buyer pay their Realtor will hurt consumers. In summary, the idea of a buyer being able to pay less than … Read more

Should I Buy a Condo or Single Family Home in Oahu?

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If you’ve vacationed in Oahu, you’ve likely hiked along the Diamond Head State Monument trails, toured the Pearl Harbor National Memorial, and relaxed at the infamous Waikiki Beach. You’ve probably thought that living in Oahu could be a dream come true, and you’d be right.  Also known as “The Gathering Place,” Oahu is home to … Read more

Leasehold Properties Only in Hawaii

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Great article on Leasehold. This paragraph stood out. “The drumbeat for lease-to-fee conversion culminated in a 1984 U.S. Supreme Court decision that held the state could use eminent domain to force landowners to offer fee simple land ownership to leasehold tenants. Over the next 20 years, many single-family homeowners were able to purchase the land … Read more