Bizwala july Newsletter

Dude… Tariffs Are Affecting the Real Estate Market

It might seem like we are not that affected by tariffs, but this year, they’re hitting home, literally. The U.S. housing market is being impacted in a big way. When the government raises duties through tariff increases, it increases the cost of bringing in products from other countries. New import taxes are driving up the cost of construction materials, and everything from starter homes to large developments are being severely affected. With record tariffs on steel, aluminum, lumber and electronics, builders and developers are meeting with new challenges. Builders are facing much higher expenses when purchasing their building materials and the cost is being passed along to home buyers. Investors are also feeling the effects, as the price of a single-family home has risen approximately $10k, according to The National Association of Home Builders. Even items like appliances can affect the cost of outfitting a home for sale. A 25% tariff would add an extra $150 to the cost of a $600 stove, ultimately making it a $750 stove. Whether you believe tariffs are beneficial or detrimental, they are a tax that incurs higher costs, and these tariffs will indirectly impact the housing market.

Contact us for any questions you have. 808.339.1313.

15-2754 OPELU ST, PAHOA, HI 96778
$158,000
1 bed - 1 bath - 750 sqft

Located just minutes from Kahakai Park and Government Beach Road, this residence has wonderful walking and ocean views. This newly built 1 bedroom home has sustainable living with metered water and a large array of solar panels.

Hawaiʻi Housing Factbook 2025: Modest improvements amid ongoing crisis

The University of Hawaiʻi Economic Research Organization (UHERO) has released the Hawaiʻi Housing Factbook 2025, the third edition of its annual report offering detailed analysis of the state’s housing market.

The waiting list for the Section 8 housing program will open next month

The County of Hawaiʻi Office of Housing and Community Development will open the waiting list for the Housing Choice Voucher Section 8 Program at 9 a.m. on Aug. 1.

The waiting list will remain open until further notice.

Hawaii Island attorneys, businessman found guilty in affordable housing scam

HONOLULU (HawaiiNewsNow) - Two attorneys and a businessman have been found guilty in an affordable housing scam on Hawaii Island. Following a three-week trial, a federal jury found lawyers Paul Sulla Jr., 78, and Gary Charles Zamber, 55, along with businessman Rajesh Budhabhatti, 65, guilty of fraud and money laundering.

Did you know?

Hawaii is a world leader in the harvesting and export of macadamia nuts. This is a significant feat, considering that the nut was originally brought to the island in 1881, with the first crop harvested in 1920.

Real Estate Tip of the Month:

Pay attention to the seller’s disclosure. This document spills the tea on past problems, like leaks or pest problems, that buyers should know about. One can learn a lot about a property by looking closely at the disclosure.

Home Valuation

Business Feature: Pahoa Fresh Fish: If you are looking for good fish and chips, then Pahoa Fresh Fish is the place to look. They are a staple in the Pahoa neighborhood, with their fresh fish being outstanding! They have the best fish and chips that can be found in this area. All of the other items that they carry are also just as good! We have nothing but good things to say about this business. The employees are always extremely nice and they serve up their meals quickly. We would highly recommend them for your lunch today!

Visit us at Bizwala.com and give us a 5 Star Review! Home Valuation