Are there still federal tax credits for buying a luxury second home in Hawaii?
Quick Answer: The First-Time Home Buyer Tax Credit introduced in 2009 has expired and is no longer available. While direct federal tax credits for luxury second homes or investment properties are uncommon, buyers may still benefit from tax deductions such as mortgage...Navigating the Big Island Luxury Real Estate Market: A Guide for Buyers and Sellers in 2024
Quick Answer: The current luxury real estate market on the Kona-Kohala Coast shows a noticeable disconnect between sellers and buyers. Sellers often base their prices on past peak valuations, while buyers respond to rising interest rates and increasing inventory. In...Should I Sell My Hawaii Luxury Home Now or Wait for Prices to Rebound?
Quick Answer: The Kona-Kohala Coast luxury real estate market is currently experiencing a shift, with properties taking longer to sell and price adjustments becoming more common. While not a downturn, it represents a recalibration from the recent seller’s...Why is my Hawaii vacation rental insurance going up even if its value is down?
Homebuyers may be surprised to find that homeowners insurance isn’t going down, despite precipitous declines in sale prices.