The interest rate on a 30-year fixed-rate mortgage fell 6 basis points to 6.44% last week, according to the Mortgage Bankers Association. That's the lowest rate since April 2023! Mortgage rates have been trending down since the Federal Reserve's recent indication that they are set to cut interest rates in September 2024. Falling rates are welcome news for both buyers and sellers, and create a unique window of opportunity in Hawaii's highly competitive real estate market.

You may have heard about a settlement reached with the National Association of Realtors® (NAR) that affects the way people buy and sell homes in the United States. These policy changes, which are required by the settlement, took effect Saturday, August 17, 2024. Keep reading to find out how these changes will affect homebuyers and sellers going forward—here in Hawaii and across the country.

Locations is thrilled to celebrate a remarkable achievement by one of our own—Darryl Macha, principal broker, has been named the 2024 Realtor® of the Year by the Honolulu Board of Realtors®. This prestigious honor, awarded annually, recognizes an Oahu Realtor® who exemplifies professional excellence, ethical integrity, community engagement and leadership within local, state, and national Realtor® organizations.

We're honored to have been voted Hawaii’s Best 2024 by our satisfied clients and the readers of the Honolulu Star-Advertiser in the following categories: Best Real Estate Firm, Best Non-Profit, Best Property Management Company and Best Realtor®. Mahalo to our agents, clients and readers for your vote—we're truly humbled and proud to be your company of choice for all your real estate needs.