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Many locals being priced out of Oahu's housing market

Oahu home prices continue to skyrocket as demand outpaces supply and many potential first-time homebuyers are being priced out of the market. ....

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Oahu homes out of reach for many local residents

Oahu homes out of reach for many local residents
Oahu, HI (KITV) The median price of a single-family home continues to skyrocket on Oahu.
“The (interest) rates are the lowest its ever been in years and years and it’s still frustrating how hard it is to find a decent living place where you can afford,” said Kaimuki resident Linden Miller.
The price reached $950,000 in March and data shows locals are being outbid in many cases by out-of-state buyers.
“Being a Native Hawaiian I would like to live in my land, but I can’t afford to,” she said.
Erik Taniguchi, a Realtor for Taniguchi & Associates, says in many cases homes are selling for $100,000 to $200,000 over asking prices and in some neighborhoods even higher than that. ....

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