Bizwala july Newsletter

i Bizwala july Newsletter

Dude… Fireworks Are Over, But There’s Still Fireworks in the Real Estate Market

The post-Fourth of July summer heat might be winding down, but that metaphor perfectly captures the current state of the U.S. housing market: it is a highly volatile and unpredictable show. Instead of a smooth, predictable season, the mid-2026 real estate market is seeing its own dramatic flares, loud pops, and sudden shifts.

The real estate market on the Big Island is generating friction. Even with mortgage rates hovering around 6.5%, the island's unique value proposition keeps demand steady—the island-wide median home price sits at $613,500. On the West Side, North Kona has a median price topping $1.23 million. Meanwhile, East Side and South Side micro-markets like Pahoa continue to drive the island's pure transaction volume, drawing in budget-conscious buyers and first-time homeowners who have been priced out of Oahu and Maui. Total inventory has ticked up nearly 8% this year, giving buyers more negotiation leverage, though localized hurdles like strict lava zone designations, skyrocketing insurance premiums, and remote infrastructure keep the landscape highly complex. Ultimately, the Big Island market isn't fizzling; it has evolved into a thoughtful, slower-paced chess match.

11-2510 KALEPONI DR, VOLCANO, HI 96785
2 bedrooms, 1 bathroom (2 units)
$280,000

An exceptional opportunity, this property offers a blend of modern comfort meets country privacy.

15-2737 AKU ST, PAHOA, HI 96778
5 bedrooms, 3 bathrooms
$475,000

Come see these 2 cute fully-permitted homes on one lot! Sitting on about a 20,000 sqft lot in the Hawaiian Parks subdivision.

2107 KAIWIKI RD, HILO, HI 96720
7 bedrooms, 4 bathrooms (4+ units)
$1,300,000

Four unit home with ocean views that was remodeled in 2024.

Court Clears The Way For $81M Affordable Rental Project In Kona

The Honuaʻula project was delayed for years by a Big Island affordable housing scandal and then by a dispute with a neighboring land owner.

New law to expand affordable homeownership opportunities in Hawaii

HONOLULU (HawaiiNewsNow) - Gov. Josh Green has signed a new housing measure aimed at creating more affordable homeownership opportunities for local residents.

Volcano Watch — A deep dive into Hawaiʻi’s deep earthquake

Volcano Watch is a weekly article and activity update written by US Geological Survey Hawaiian Volcano Observatory scientists and affiliates.

Molokai doesn’t have any traffic lights. It is a deliberate choice by the community and a perfect symbol of the island's identity. Known as "The Friendly Isle," Molokai has fiercely resisted the commercialization and massive tourism development seen on islands like Oahu and Maui. The absence of stoplights tells you everything you need to know about life there.

Use a calculator to set your home budget. First thing’s first: before you go to any lender to apply for a mortgage, you should set a rough home budget. There’s a lot to think about: your mortgage payment, property taxes, home insurance, utilities, HOA fees, maintenance, and more. It all really adds up, but there’s no need to panic! Use a simple home affordability calculator to set a safe home budget and learn more about the expenses you can expect with your new home.

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