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 August, 2024 « Next month - U.S. DOJ sues RealPage for algorithmic pricing that harms renters. (8/30/24) - Nationally, existing-home sales grew a little in July, and the median price increased again for the thirteenth month in a row. (8/28/24) - Governor Green signs proclamation regarding ongoing condo insurance challenges. (8/24/24) - HART has awarded a $1.6B contract to extend the rail system from Middle St to South St. (8/20/24) - Happy Statehood Day! (8/16/24) - The July sales numbers 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. For every data point that was positive, there was a balancing negative one depending on which property type one is looking at, or whether you are comparing it to the previous month, or twelve months ago. Inventory for both homes and condos definitely increased, which is positive for the market. Pending sales volume looks neutral. (8/10/24) - To learn more about our 1% Hawaii Buyer Representation Fee* 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. - For new construction buyers, it may be better to use a classic 50% buyer rebate approach since developers use their own proprietary purchase contracts. If you are considering a new construction purchase, please see our page regarding our 50% New Construction Buyer Rebate*, which offers new construction buyers similar savings. |
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