We start with an update on the mortgage market, including the brief drop of the 30-year mortgage rate below 6% and why global events and inflation concerns quickly pushed rates back above that level. Travis Green from Gold Mortgage shares insights into how inflation, rising oil prices, and global instability could influence mortgage rates in the coming months.
From there, our team of agents provides a detailed look at what is happening across the island:
• Waikoloa and South Kohala: Condo inventory and home prices, plus a look at the new Nana Kai development.
• East Hawaii (Hilo and Puna): Affordability trends, new construction activity, and how builder concessions are helping buyers.
• North Kona: Median home prices, condo market shifts, inventory levels, and what today’s balanced market means for buyers and sellers.
• Neighborhood Spotlight: Updates from communities like Hoolani Estates, Eli Ilani, and Lokahi Makai, giving a real look at what homes are selling for right now.
One key theme across the island is that buyers are becoming more informed and selective, while sellers are adjusting to a more balanced market after several years of strong seller conditions.
If you are thinking about buying or selling property on the Big Island, understanding these local trends can help you make better decisions.
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Aloha and we’ll see you next month for the next Big Island market update.
If you’ve been on the fence about buying in Hawaii, this could be your best chance to get a great deal before rates change again. Let’s find your dream home in paradise!
Contact us for expert guidance & free resources!
Julie Ziemelis | RS-85062
REAL Broker
Julie@Ziemelis.com
808-333-1004