Hawaii Housing Report
Recorded September 25, 2025
Hosts: Economist Paul Brewbaker (TZ Economics) & Patrick W. O’Neill R (Principal Broker, Luxury Homes International & ONEILL Group Commercial Services)
Guest: Anders Hostelley, Regional Manager, Guaranteed Rate Mortgage
The September 2025 Hawaii Housing Report delivers an in-depth look at Hawaii’s evolving real estate landscape — from home prices and sales trends to mortgage rates and economic forecasts. Economist Paul Brewbaker, broker Patrick O’Neill, and mortgage expert Anders Hostelley share timely insights into what’s driving Hawaii’s housing market and where it’s heading next.
Whether you’re a buyer, seller, investor, or Realtor®, this episode helps you understand the numbers that shape Hawaii’s housing economy.
Paul Brewbaker breaks down Honolulu’s latest data on median home prices, months of inventory, and sales volume. Despite higher mortgage rates, limited supply continues to support stable pricing across much of Oahu, highlighting the market’s long-term resilience.
Condo sales remain mixed in 2025. Patrick O’Neill reviews activity across Kaka‘ako, Ala Moana, and Waikiki, noting that rising maintenance fees, insurance costs, and lender scrutiny are influencing both buyer sentiment and financing timelines.
Guest expert Anders Hostelley of Guaranteed Rate Mortgage discusses how rate movements are affecting affordability, refinancing, and qualification power. He connects Federal Reserve policy, inflation data, and Hawaii’s lending landscape—and shares his projections for late 2025 and early 2026.
Economist Paul Brewbaker of TZ Economics links Hawaii’s housing trends to national economic forces. He explores potential interest rate cuts, migration shifts, and supply constraints—and how each may affect home prices and overall market balance heading into 2026.
Home prices remain steady despite elevated borrowing costs.
Condo demand is cooling amid higher fees and insurance premiums.
Rate volatility challenges affordability but creates refinance windows.
Tight inventory continues to support long-term price stability.
Hawaii’s market is gradually rebalancing yet remains undersupplied.
Luxury Homes International – Leading Hawaii brokerage specializing in luxury residential and investment properties across Oahu, Maui, Kauai, and the Big Island.
ONEILL Group Commercial Services – Hawaii’s trusted name in commercial real estate sales, leasing, and development advisory.
TZ Economics – Economic research and forecasting from economist Paul H. Brewbaker, Ph.D.
Guaranteed Rate Mortgage – Providing expert insight on mortgage lending, financing trends, and rate projections in Hawaii.
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🌺 Overview🏠 Oahu Single-Family Homes🏢 Condominium Sales Trends📈 Interest Rates & Mortgage Impact💰 Market Projections & Economic Forecast