Home prices in Oahu fell slightly last month, but the number of sales increased, according to the Honolulu Board of Realtors.
The Honolulu Board of Realtors reported the gain in sales volume was greater for single-family homes than they were for condos. The median prices dropped insignificantly for both types of properties.
In November, sales for single-family homes rose by 11 percent compared to the same time a year ago. They sold for about .3 percent less, as well.
If you are a Veteran looking to purchase a home in Oahu, you may want to consider a VA loan. For eligible individuals who’ve served in the military, a VA loan provides the support and flexibility to buy with confidence. The great news is that most members of the active military, Veterans, reservists and National Guard services are eligible to apply.
Backed by the Department of Veterans Affairs, these loans consistently offer lower rates than traditional financing programs, feature lenient borrowing terms and do not require a down payment or private mortgage insurance – all incredible perks deserving of our brave and proud military personnel.
The VA loan must be used for primary residences and may also be used for refinancing a home.
To learn more about real estate opportunities in Oahu and beyond, and to work with local home loan experts, please contact us today.