Hawaii is a very magical, unique and extremely special slice of heaven. Many people spend their whole lives dreaming of taking a trip or a short visit to these spectacular islands. For a select few this can be home. If you have the ability to live in Hawaii for a few years or for a lifetime, it will be a place you will remember forever.
PCS to Hawaii
For our military members, Hawaii can certainly be a far away from relatives and loved ones, but if you can be lucky enough to call Hawaii your duty station, then you should take the assignment. If you are chosen to move to the islands, nothing makes more sense than using your VA entitlement to buy. Even a few year PCS assignment can help build wealth, credit and stability owning versus renting.
There has been much uneasiness with the economy, interest rates, and the turmoil in the world as a whole. This has created a pause and concern for many when it comes to home buying. The constant change in government does not help make the sense of stability any more comforting.
The interest rates have been moving up and down for months now. The rates today are lower then they were at the end of 2018. This now makes it an incredibly advantageous time to be a buyer. The Hawaiian islands now have more inventory than normal, a stabilization of home prices, and lower interest rates. This, in turn, has shifted the market in favor of the buyer.
Timing is Everything
The old saying timing is everything couldn’t be truer. This is an amazing time to grab your slice of Hawaii real estate and reap the benefits. The interests rates will not stay this low forever, and as we enter the peak PCS military season, my guess is prices will start to rise, and inventory will start to fall.