Honolulu Board of Realtors has released the latest sales stats for Oahu real estate. Check out the latest figures here.
In this interesting piece from Pacific Business News the chief economist from the National Association of Realtors, Lawrence Yun, stated that the real estate market may have already bottomed out and that in Oahu’s housing market,
“Affordability conditions are now at multi-year highs thanks to lower home prices and very low mortgage rates on conforming mortgages”
Now I agree that the current conditions on Oahu are affordable compared to recent years. However, I’m not so sure that the real estate market has bottomed out. Let’s wait and see what happens after the interest rates are adjusted for inflation before making this kind of statement.
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