Hawaii

Under new terms of its program, the Aloha State will also extend assistance to reverse mortgage holders as well as some borrowers with nondelinquent loans.

Strong demand by buyers bidding above asking price helped push up the median resale price of single-family homes on Oahu to $872,500 in November, the second highest ever.

The scheme targeted distressed homeowners in the Filipino community, most of whom were nonnative English speakers, forcing some of them into bankruptcy and homelessness, according to law enforcement officials.

Oahu single-family homes hit a record-median price in August and sales held steady, while the condominium market remained challenged by the pandemic.

Oahu's housing market remained depressed in July, though new sales data shows the severity of the decline is easing.

Home resales on Oahu continued their downward movement in June, but the decreases affected by safety measures were not as big as they were in May.

Sales of single-family homes and condominiums on Oahu tanked in May as owners and buyers elected to practice social distancing.

Maui real estate activity slowed in April as the effects of dramatically reduced new listings and resulted in a big drop-off in pending sales.

Hawaii's real estate market is now getting pounded from complications of COVID-19.

Maui's housing market showed stability in March ahead of an expected downturn caused by the coronavirus pandemic.

Median prices for Maui homes sold last month moved modestly, but in opposite directions for single-family houses and condominiums, according to the Realtors Association of Maui.

Nearly all the main components of home sale statistics on Hawaii island and Kauai rose last month, according to a report released last week.

Mortgage rates, which fell to a 50-year low last week, are keeping Oahu's real estate market relatively strong even as uncertainties mount over the economic impacts of coronavirus outbreaks.

The number of new foreclosure lawsuits filed in Hawaii declined in 2019 to mark a sixth consecutive year of fewer cases mostly against homeowners struggling with mortgage debt.

Oahu's housing market started a new year on all major positive notes, according to new data that showed median prices and sale volumes rose in January after some weakness last year.

A development partnership is positioned to start building a low-income housing tower in Pawaa later this year following a recent tentative endorsement by the state of Hawaii to finance the $89 million project.

Hawaii island's housing market turned in mixed results in September but the results were worse on Kauai where sales and prices fell for both single-family homes and condominiums.

More single-family homes on Oahu sold at a lower median price last month compared with September 2018, while fewer condominiums sold at a higher price, according to the Honolulu Board of Realtors.

Hawaii's commercial real estate market is taking a breather from record sales last year, a new report shows.

For the third time this year, the monthly median sale price for single-family homes hit a new high for Maui County.