What The Current Real Estate Market Looks Like in Hawaii

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Honolulu (KHON2) – Living Akamai covers the importance of investing and the current Hawaii real estate market. 

Troy Wada, Principal Wealth Advisor of INPAC Wealth Solutions has education on Long Term Care and the importance of Estate Planning as it relates to investments, as well as Charitable Planned Giving.

“I think here in Hawaii that’s something all of us can relate to because it’s something we see daily. Whether it’s grocery shopping and seeing how much eggs cost or looking to book that inter-island flight to Kauai. Things are much more expensive now than they’ve been before,” says Troy Wada, Principal Wealth Advisor of INPAC Wealth Solutions. 

According to Wada, in the last real estate crash, prices fell because residents defaulted on mortgages due to either overextending themselves and or being qualified for mortgages that they shouldn’t have been qualified for.

Wada says, “Some may argue that Consumer Debt is the highest it’s ever been. This is true as shown by this chart. As you can see, there is no doubt that Consumer Debt is the highest it’s ever been since 2020 and mortgages make up the biggest percentage of the total. Now the difference with what happened in the past compared to what’s happening now is that although Consumer Debt is the highest it’s ever been, and mortgages make up the biggest percentage of the total – the interest rates associated with those mortgages are the lowest we’ve ever seen.”

Those looking to learn more about the current real estate market can reach out to Engel & Volkers Honolulu via website or phone. 

Engel & Volkers:

Website: https://honolulu.evrealestate.com

Phone: 808-725-2000

Segment Paid For by: Engel & Volkers Honolulu