Hawaii Island Real Estate Update November 2023

Good news-Rates have dropped, according to our mortgage pro, Joe Eagan and he sees better rates in 2024. Home prices are rising in West Hawaii and Hilo, while dropping a bit in Puna. Homes are staying on the market between 30-70 days depending on area (condos in Waikoloa Resort are going fast, homes in East Hawaii are slowest to leave the market).
The Fed sees inflation is holding and the Consumer Price Index has great numbers-meaning we could see better rates in 2024. The group also discussed why we are NOT going to see a housing crash.

Julie Ziemelis, Real Broker, moderates the monthly Hawaii Island real estate and mortgage update with:
Eric Ziemelis, Real Broker -Eric@Ziemelis.com
Amber Haley, Real Broker -amber@haleyhawaii.com
Delania Branham, Real Broker – happiagent@gmail.com
Jana Mahoney, KW Big Island – Jana.mahoney@kw.com
Andy Madrid, KW Big Island -realtorandymadrid@gmail.com
Joe Eagan, Wynn and Eagan Team – joe@wynnteam.com

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