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New tool helps Hawaii homebuyers time the market

New tool helps Hawaii homebuyers time the market
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Median Home Prices Near $1M Amid Buying Frenzy

1:30 Last year, a Pacific Business News roundtable of residential real estate executives found an industry uncertain about the future. Coronavirus shutdowns had begun, sales dropped off, and real estate offices began shedding staff and expenses, preparing for the worst. This year’s roundtable found an industry that in some ways had been busier than ever. The second quarter of 2020 had indeed been slow, with the number of sales declining in the double-digits. However, low interest rates and financial worries among homeowners had people refinancing their mortgages in droves. Keri Shepherd, area manager at HomeBridge Financial in Honolulu, said if you didn’t have a record year in mortgages, you just weren’t trying.

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