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It’s hard to dispute that affordable housing in Hawaii is in critically short supply, but one developer in Honolulu is having a very hard time selling it.
Everything from groceries to gas is eating up more of the family budget. There's little left for housing costs -- and those prices too are on the rise.
Landowners got lucrative zoning perks and fast-track approvals to build luxury towers in the busy neighborhood all based on rail. Did they give enough back in return?
Despite Hawaii’s hot housing market, average sales prices plunge at Trump Tower Waikiki Rick Daysog © Provided by Honolulu KHNL HONOLULU (HawaiiNewsNow) - During the 2019 tourism boom, condominiums at the Trump International Tower in Waikiki sold for an average of about $1.7 million. Since then, average sales prices in the tower have fallen below $650,000 ― despite the hot housing market in the islands. “At the same time this year, the overall market ― just resorts ― went up 27%. So Houston, we have a problem,” said real estate expert Ricky Cassiday. Cassiday ran...
A moratorium on evictions for people who fell behind on rent during the coronavirus pandemic expires in early August in Hawaii. Officials hope federal rent assistance and a new state law encouraging landlords to enter mediation with their tenants will prevent evictions.