Market News

For almost a decade, sellers have had leverage in negotiating prices and terms because of high demand and low inventory. The tide may finally be changing. According to the Honolulu Board of Realtors Monthly Stats Report for sales through May 31, 2022, the inventory of single family homes on O’ahu rose by 39.8% as compared to the same period last year. If this trend continues, buyers may soon have more choices and compete with fewer offers when they find the property that is right for them. Keep in mind that inventory has been at such low levels that a large leap like 39% doesn’t mean there is a home for every buyer. In some neighborhoods around the island, we still see multiple offers and prices are still rising, evidenced by last month’s median sales price of $1,153,500, which is a record high for O’ahu.

According to the Honolulu Board of REALTORS® Monthly Statistical Report (Results through April 2022), active inventory of single family homes for sale increased by 3.7% compared to the same time last year and 9.7% as compared to the prior month (March 2022). Buyers have been waiting for years for more homes to choose from and a neutral market after a half-decade of hyper-competition and limited choice. That said, while inventory is increasing for single family homes, the opposite is occurring in the condominium and townhome segment, which experienced a 19% drop as compared to the same month last year.

Aloha, The inventory crunch continues for yet another month as new homes for sale dropped during the month of March by 6.2% for single-family homes and .1% for condominiums/townhomes.

This week, we're asking for your views on the bombshell buyer's agent lawsuits. Is it something to fear or much ado about nothing?

Millions of homesellers across the country may be able to seek billions in damages for commissions they paid to buyer agents between 2015 and 2020. Here's why it matters.

Working in a low inventory market can be frustrating for all parties involved. Broker Julie Bubsy offers advice on how to create inventory for your clients when there is seemingly nothing there.

Even with excellent credit and a good handle on their debt, when it comes to buying a home, especially the first one, homebuyers need a lot of additional help.

Everybody likes to save time and money, according to team leader Adam Hergenrother, but it may cost you more in the long run. Prioritize the right strategies instead of the fast and cheap ones when you're building and scaling your real estate business.

Growing right now means getting your mindset right and getting up to speed on the best tools for lead gen, writes coach and author Bernice Ross. Instead of sitting back and complaining about the challenges of today's real estate market, here's how to make it work for you.

Parent company Redwood Trust closes deal to acquire Portland, Oregon-based bridge loan provider Riverbend Funding LLC.

The residential market continued going strong but showed signs of reaching a tipping point, according to data released by New York City brokerages.

Cynthia Keskinkaya brought in over $50 million in sales in the past 12 months and brokered almost a half-billion dollars in sales volume over the course of her real estate career.

When owning multifamily properties in multiple markets, there is a gap that must be bridged between owners and those serving their interests. While technology makes this easier, it is no substitute for personal attention and effective communication.

Some short-term rental investors saw the power shift from hosts to guests while others feared Airbnb’s major update took away their competitive advantage.

The vast majority of recently purchased vacation homes are exposed to risk from storms and heat. Floods are an increasing concern.

Brooklyn renter Grace Pinegar's $700 rent hike went viral over the weekend, with more than 745,000 viewers agreeing that the increase highlights what's wrong with the U.S. rental market.

If your business feels frozen, it may be time to look for lead referral sources "upstream." Marketing and fulfillment expert Oliver Graf offers seven proven strategies to uncover referrals to boost your business right now when you need it most

Palm Beach, Malibu and the Hamptons drew luxury homebuyers seeking more tranquil post-pandemic lifestyles, according to an Inman analysis of the top 10 beach transactions since October 2021.

When the competition heats up, it's easy to get caught in the frenzy and make costly mistakes. Broker Cara Ameer offers advice to stay on track and keep your reputation intact.

The real estate establishment's latest salvo against the so-called "bombshell" buyers' agent case is a sprawling, 3,000-page argument against granting class-action status in the Moehrl federal lawsuit.

While you've probably thought about a lot of aspects of practicing real estate, the one you should start with is your personal safety. Jay Thompson outlines strategies to help you stay safer as you go about your daily activities.