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 July, 2020 « Next month - Average 30-year mortgage rates for the week fell under 3% for the first time in fifty years. (7/31/20) - Pending U.S. home sales increase 16.6% in June. (7/29/20) - Nationally, May home prices show 4.5% annual gain. (7/28/20) - Another story about people moving out of a city, this time Seattle. (7/22/20) - Will there be an exodus from cities in the coming years? (7/14/20) - The sales figures for June for the Oahu real estate market have been released by the Honolulu Board of Realtors®. Here is a single-page set of charts showing the last 12 months of data. It was a very mixed month with a positive feeling. The effects of the Covid quarantine on the market are still evident, but current market activity, which will show up in the data in a month or two appears to indicate a return to a normal market. Sales volume is bouncing back. Home sales are only down 5% year-to-date from last year. Condo sales volume has been affected more, but condo median prices are stronger. Home inventory is still very low, and pending sales volume looks very good. (7/9/20) - Happy Independence Day! (7/4/20) - Very nice aerial video of Honolulu and beyond. (Try it full-screen, and then adjust settings for HD.) (7/1/20) - To learn more about our 50% Hawaii Commission Buyer Rebate* and the savings it offers buyers on their real estate purchases, including Honolulu homes and Waikiki condos, properties from Honolulu to the North Shore, Kailua to Kapolei, and across all Oahu, please click here. |
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