INSIGHTS ON PBS HAWAI‘I
Is Hawaii in a Real Estate Bubble?
In January, the median price of a single-family home on Oahu reached an all-time high of $733,500, and sales increased by double digits. Prices are spiking on Maui and Kaua‘i, too, leaving many would-be homebuyers wondering if they’ll soon be priced out. The last time prices increased so much – and so fast – Hawai‘i was in the midst of a bubble that burst in 2008.
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