Civil Beat Report: Home Affordability In Hawaii Is ‘As Bad As It’s Ever Been’

News Article
Written By Diana Hahn
 

Photo credit: Cory Lum/Civil Beat/2022

 

Honolulu Civil Beat
May 20, 2024
By Jessica Terrell

“Only 1 in 5 households in Hawaii can afford to buy a single-family home — a dramatic drop from just three years ago, according to a grim housing report released by the University of Hawaii on Monday.

In 2021, 44% of Hawaii households could afford the mortgage on a median-priced single-family home. That figure is now 20%. As a result, home sales plummeted last year, hitting a 25-year low. But the slump had little impact on prices.”

Diana Hahn https://www.moonsofdiana.com
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