The state of Hawaii currently ranks 20th in the nation when it comes to percentage of homeowners who are delinquent on paying their mortgages. Delinquency rate in the third quarter was at 5 percent, based on families who missed two or more payments during the period. Still though, Hawaii fared better than much of...
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Pacifica Honolulu condominium tower in Kakaako is finally open today after a five-year construction phase that was interrupted by the financial crisis and recession. After a long wait, the first residents of this beautiful building are scheduled to move in. The San Diego-based development firm OliverMcMillan, which rescued the project from foreclosure two years...
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Kamehameha schools is planning to build a yet to be named retail center in Kakaako. The pl an calls for construction of the retail center and is estimated at a cost of $30 million. This project is considered to be the largest project so far out of all the projects that are planned to...
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Foreclosures in Hawaii had been a major problem for some time. And while they still are, a new state law has caused a major drop in foreclosures in the state. Hawaii home foreclosures dropped for a fourth consecutive month in September under a state law that created a freeze on many new out-of-court cases....
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Castle and Cooke is still pushing for approval on the Koa Ridge project. The 5,000-home Koa Ridge development plan is headed back to the state Land Use Commission for the third time this decade. The latest halt of the project came in July, when a state judge halted the Koa Ridge project, ruling in...
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Oahu home sales were up in September, while home prices continue to fall.The Honolulu Board of Realtors said Friday that 284 single-family homes were sold on Oahu last month, up 4 percent from 273 in September 2010. The increase followed a 23 percent jump in August. Before that, sales volumes had declined for four...
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30-Year mortgage rates continue to fall. After setting a record low a couple of months ago, the 30-year mortgage rate has fallen again and set yet another record low. The average rate on the 30-year fixed mortgage fell to 3.94 percent this week, the lowest rate ever. For those who can qualify for the...
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Lets face it. Housing in Hawaii – whether you rent or own, is just too expensive. Even as recent as this month it was reported that Hawaii leads the nation in rent and housing costs. However, a recently completed apartment building in Waianae is hoping that it can offer a boost to Oahu’s affordable...
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Mortgage rates have fallen for the fourth straight week to yet another record low and are expected to continue to drop even further. The average on a 30-year fixed mortgage fell to 4.01 percent this week, according to Freddie Mac. That’s the lowest rate since the they began keeping records in 1971. The last...
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Waikiki was just flooded with 140 new timeshare units, as Wyndham Vacation Ownership opened the 140-unit property at 440 Olohana St., between Kuhio Avenue and the Ala Wai Canal, to its time-share customers last week, and plans to begin sales of time-share interests at the Royal Garden within the next month. This will be...
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