Honolulu Star-Advertiser

Sunday, May 26, 2024 80° Today's Paper

Off The News: Property valuations going up, as usual

The latest figures on Oahu property valuations underscore that land generally keeps its value, and pretty robustly. However, there is a limit: The recent rise in mortgage lending rates likely is key, since that means fewer buyers can qualify at higher price points.

That’s playing out here in suburban zones, with Windward and Central Oahu homes seeing lower valuations. Still, compared with most other U.S. markets, it’s a modest dip, and in urban areas, things are still looking up, as usual.

By participating in online discussions you acknowledge that you have agreed to the Terms of Service. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. Report comments if you believe they do not follow our guidelines. Having trouble with comments? Learn more here.