Mortgage rates improved in November 2023. Locations expects to see rates drop below 7% in 2024, offering prospective buyers some much-needed relief. Looking ahead to 2024, stronger sales activity is anticipated as mortgage rates cool. A modest increase in inventory is possible if lower rates bring more sellers to the market. As rates come down, home prices are likely to rise.

The festive season in Honolulu is set to dazzle once again with the 39th Annual Honolulu City Lights! A beacon of holiday spirit, Honolulu Hale transforms into a wonderland of twinkling lights, holiday décor, and, of course, Shaka Santa and Tūtū Mele. This event isn't just a feast for the eyes; it's a community gathering that offers locals and visitors alike a chance to take in some holiday cheer, all for free!

On a sunny November Saturday in Waikiki, the Locations Foundation partnered with the non-profit organization Surfers Healing to offer a memorable experience to children with autism spectrum disorder. This annual event, which the Foundation has supported for many years, brings surf instructors and volunteers together to introduce these children to the soothing and transformative effects of riding the waves.

In the October 2023 interest rate environment, it’s important to keep in mind that the Oahu real estate market is stronger now than it was in the years leading up to the pandemic. Although both homebuyer and seller activity have been dampened somewhat by higher mortgage rates and recent increases in home prices, Oahu is still a competitive market due to low housing supply and broad, high demand.