Nationwide, homeowners lost equity on average during the first quarter of this year. But in the Islands, homeowners with mortgages gained on average $24,900 in the value of their homes.
‘We have an eruption,” announced Ikaika Marzo on Facebook Live late in the day of May 3, 2018, as he stood on Mohala Street in Leilani Estates, where the first of 24 fissures began spewing molten lava during the historic 2018 Kilauea eruption in Lower Puna.
Three-quarters of all single-family homes and condos sold last year were purchased by local residents, but that proportion was down – as was the proportion of dollars spent.