The interest rate on a 30-year fixed-rate mortgage fell 6 basis points to 6.44% last week, according to the Mortgage Bankers Association. That's the lowest rate since April 2023! Mortgage rates have been trending down since the Federal Reserve's recent indication that they are set to cut interest rates in September 2024. Falling rates are welcome news for both buyers and sellers, and create a unique window of opportunity in Hawaii's highly competitive real estate market.

With 3,000 single-family homes and 1,800 condos—all constructed after 1990—and more than 3,000 additional housing units planned by 2035, Oahu’s Second City is growing to meet rising demand.

As you know, affordable housing on Oahu is becoming harder to find. To help you with the search, Locations counted down the Top Ten most affordable homes from March 2016. Keep in mind, these homes will go fast, some of the properties may be bought before you have a chance to see them. Not to worry, we'll be featuring the same list every month to keep you up-to-date.