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While last year was a difficult one for many local businesses, there was one part of the local economy that boomed — Hawaiʻi’s commercial real estate sector. We get more on that story from Pacific Business News Editor A. Kam Napier.
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Demand remains high for Oʻahu homes in 2022. According to a monthly report from the Honolulu Board of REALTORS and Locations Hawaiʻi, that demand resulted in a sharp jump in sales last month — especially in condominiums.
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Oʻahu’s warehouse crunch continues, setting records in terms of low vacancies and high rents. Pacific Business News Editor A. Kam Napier has more.
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In real estate, Hawaiʻi’s office and housing markets have moved in opposite directions. What will 2022 bring to each? Pacific Business News editor in chief A. Kam Napier has more.
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There’s a real estate shortage in Hawaiʻi, but it’s not only the one you hear about most often. PBN editor A. Kam Napier has more.
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Hawaiʻi economist Paul Brewbaker warned there would come a day when the average price of a single-family home would hit $1 million. That day came this year for Kauaʻi and Maui.
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When it comes to Hawaiʻi home purchases, foreign investors make up a tiny number of buyers. And the pandemic has lowered the number of buyers from other states and abroad.
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On today's Aloha Friday Conversation, we turn our attention to the real estate inventory on the Big Island. Lower home prices are attracting more buyers, both in and out-of-state. That's good for business, but what might be the unintended consequences?
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Real estate sales are booming statewide. Now, homebuyers fleeing high prices are heading down the island chain. Hawaiʻi Island housing inventory is being squeezed up and down the market. As HPR's Noe Tanigawa reports, that includes rentals to everyday people.
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In May, the median sales price for a single-family home on O‘ahu was $978,000, according to data from the Honolulu Board of Realtors. That breaks record of $950,000 set in March.