November In Honolulu

Nathalie's Newsflash

"Perspective changes everything. What you take for granted someone else considers a luxury. Spend a little extra time being grateful for what you have today." 
Mel Robbins

Happy November! Last month I was graced with the opportunity to meet Mel Robbins at the Compass REtreat in Atlanta, and her keynote speech on taking key steps to live your brightest and best life was an inspiring call to action for me and many others. If you haven't already, please check out her Tedx Talk. 

In this month, characterized by giving thanks, what is one thing you deeply cherish but have taken for granted? How can you better express your appreciation? 

For me, it is taking a moment to sincerely recognize and acknowledge the huge sacrifices made daily by our neighbors, friends, and family members who choose to serve our country. Please know how appreciated you are, on this Veteran's Day and on every day.

Real Estate in the News

Mortgage rates expected to fall to 5.4% by late 2023, banking group projects

After more than doubling this year, mortgage rates are expected to retreat in 2023, according to an updated forecast from the Mortgage Bankers Association.

MBA’s economists also said they expect the US to enter into a recession in the first part of next year that will be driven by tighter financial conditions, reduced business investment and slower growth globally. That will, in turn, push the unemployment rate up from its current 3.5% to 5.5% by the end of next year, according to the forecast.

“Next year will be particularly challenging for the US and global economies,” said Mike Fratantoni, chief economist and senior vice president for research and industry technology. “The sharp increase in interest rates this year – a consequence of the Federal Reserve’s efforts to slow inflation, will lead to an equally sharp slowdown in the economy, matching the downturn that is happening right now in the housing market.”

Read More at CNN

Honolulu Real Estate Stats & Tips

O‘ahu Home Sales Drift Downward Amid Dampened Buyer Activity

Buyer activity continues to slow with closed sales of single-family homes dropping 41.7% and condos falling 28.8%. Median sales price growth has also decelerated, though prices remained up year-over-year, with single-family homes increasing 5.0% to $1,050,000 and condos rising 4.0% to $520,000.

Here is more detail about the O'ahu market in general, but please reach out to me if you want more specific information about a region or neighborhood.
Interested in a bridge loan or keeping an eye on the latest mortgage rates? Compare local lender rates throughout Hawai'i here, compiled by the Honolulu Board of Realtors and updated weekly. 

Read More from the Honolulu Board of Realtors

Show Aloha Land
Dec 1-31

The 3rd Annual Show Aloha Land is coming to Aloha Stadium with brand new attractions! Visit our 3,600 square feet of fresh snow!!!  Kids can go tobogganing!!! Enjoy the massive Bouncing Town, a Human Snow Globe, zip lining, and 3 new trains for the keiki to enjoy the light show. Check out the new infinity bar and food court also!

Click here to learn more

Bishop Museum's 
Backyard Adventures 
Nov 19-Aug 20

Keiki and their ʻohana discover the outdoors at Bishop Museum! Explore the world from the perspective of a bee; take a walk through a digital garden to see plants growing in super time, and investigate the creatures that only come out once they are tucked into bed. Also, Veterans + 1 guest get free admission to the Museum on Veteran's Day!

Click here to learn more

Hawai'i Int'l Film Festival
Nov 3-27

Enjoy experiencing international cinematic achievements in the Asia-Pacific region both online and in person on Oahu and neighbor islands during the 42nd annual Hawai'i International Film Festival.

Learn more about HIFF here

Aloha Home Market 
Nov 20th, Dec 3, 4, 11, 18

Enjoy popup markets in both Honolulu & Kailua. Everything from art creations and custom jewelry to locally crafted furniture... plus lots of food booths along the way. Shop and support the local community!

Click here to learn more

Champion Lifestyle & Local Tips

Holiday Gifting: Lei Making Classes

To make lei is a practice deeply rooted in Hawaiian culture and history — it’s more than just stringing flowers together and calling it a day. There are customs rooted deeply in Hawaiian traditions and culture on how to craft lei. So having someone who has grown up making lei — weaving them since childhood and growing up immersed in the culture — teach you how to craft a lei of your own can be an invaluable experience for visitors and locals alike.

Learn more at Hawaii.com

Champion Thanksgiving Favorites

In the mood to try something new this Thanksgiving? Check out some of our favorite household recipes, including a sinfully delicious Chocolate Pecan Pie with Bourbon as well as a Hawaiian twist on tradition with Kalua Turkey. What are some of your favorite holiday recipes?

Fall Foliage Map

While living on a tropical island has many benefits, you won't find peak fall colors in Hawai'i! If you plan on traveling off island this November, check out where and when to experience some incredible autumn colors. 

See more on NPR.org

Best Board Games of 2022

Regardless of whether you're organizing a family gathering, a get-together with friends, or a quiet evening in, you've got more choice than ever. 

See more at Gameradar.com

Local Listings

West Marina

6210 Keōkea Place, Unit B101

4 BD   3 BA   2178 SF   $1,445,000

Niu Valley

5731 Haleola Street

3 BD   2BA   1446SF   $1,235,000

Makaha

84-425 Makaha Valley Road

5 BD   3BA   1532SF   $2,500,000

Mililani Mauka

95-1135 Anuanu Street

4 BD   4BA   3215SF   $1,780,000

Kaneohe

45-324 Mahalani Street

4 BD   3BA   1876SF   $1,125,000

Mahalo for reading and subscribing! How can I help achieve your next real estate goal?

Reach out to chat!

Nathalie Champion

GRI, MRP, e-Pro, PSA, CLHMS
RB-23526
nathalie@nathaliechampion.com
(808) 859-0027
COMPASS RB-23206

Rotary E-Club of Hawaii - Immediate Past President
Honolulu Board of Realtors - Diversity Committee Chair

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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