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Steady Second-Home Market Extends Hawaii’s Real Estate Boom
Year-to-date statewide high-end sales in Hawaii are outpacing 2021 in both number of transactions … [+] and total dollar value, according to Hawai’i Life. Hawai’i Life In an already diverse real estate landscape, there is perhaps no market more unique in the United States than Hawaii. Fueled by wealthy out-of-state buyers, the demand for second-home properties outpaces any other part of the country. According to Hawaii’s chief economist, roughly a quarter of Hawaii’s homes were purchased by non-residents. Large land offerings and priceless oceanfront properties are coming to market on each of the major … [+] islands. Hawai’i Life This continued interest in Hawaii’s real estate by mainlanders and foreign…
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‘Demand remains strong’: 3 luxury second-home real estate trends agents needs to know
There’s no denying the troubles and unpredictability of today’s macro surroundings. Abruptly, the plan of possessing a second dwelling — which observed a surge in need all through the height of the pandemic — appears a whole lot less feasible all through these changing times. As the marketplace shifts and stock tightens, is there still value in the next-residence industry? To enable respond to that query, Pacaso compiled its 2nd Property Sector Assessment in July 2022. The assessment of Optimal Blue knowledge measures second-home property finance loan fee locks alongside with median acquire rates for the best 50 2nd-household marketplaces across the U.S. to decide transaction quantity. Listed here are…
