-
Steady Second-Home Market Extends Hawaii’s Real Estate Boom
Year-to-date statewide high-end sales in Hawaii are outpacing 2021 in both number of transactions … [+] and total dollar value, according to Hawai’i Life. Hawai’i Life In an already diverse real estate landscape, there is perhaps no market more unique in the United States than Hawaii. Fueled by wealthy out-of-state buyers, the demand for second-home properties outpaces any other part of the country. According to Hawaii’s chief economist, roughly a quarter of Hawaii’s homes were purchased by non-residents. Large land offerings and priceless oceanfront properties are coming to market on each of the major … [+] islands. Hawai’i Life This continued interest in Hawaii’s real estate by mainlanders and foreign…
-
The Do-It-Yourself Home-Improvement Boom Is Over
Comment on this story Comment The pandemic boom in do-it-yourself home improvement projects is officially over. Stanley Black & Decker Inc. on Thursday chopped its 2022 earnings guidance nearly in half, citing a significant slowdown in consumer demand for power tools beginning in late May and accelerating through June. Volumes in the tool business collapsed 16% in the second quarter, and Stanley now expects retail purchases to ease back toward 2019 levels, before pandemic lockdowns inspired homeowners to tackle fix-it projects and renovations. Stanley has aggressively raised prices on its tools in recent months to offset the impact of inflation and supply chain disruptions, but as recently as April, the…
