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Silicon Valley adds fuel to Hawaiiâs real estate boom but thereâs a downside
Hawaii real estate prices skyrocket as buyers from the mainland scoop up housing By Mahealani Richardson | April 21, 2021 at 7:04 PM HST - Updated April 21 at 7:32 PM
HONOLULU, Hawaii (HawaiiNewsNow) - Sales of luxury homes are spiking and interest in furnished rentals is also through the roof.
âI would say that it has skyrocketed up,â said Natalie Pietre, owner and principal broker of Island Properties.
Experts say thereâs a mix of factors.
Before the pandemic, buyers were snapping up condos. Now thereâs high demand for single family homes. Interest rates are low, inventory is low and high tech workers from the mainland want to come to Hawaii to work remotely.