Reflecting back on the year 2021, what is a major experience that impacted you and how will you apply it in 2022?
What is your real estate prediction for 2022?
What I learned from 2021 is making sure your client is ready, whether it’s having the prequel ready, educating them of the current market, ready to move forward quickly, setting expectations right, communicating is very important. Low inventory in Maui will continue to drive the price up, we might see price level a little bit, but if supply continues to be low and demand is high, the price will stay high in 2022.
Lisa Setiawati(RS-81636)
Direct: (808) 727-0645
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Reflecting back on the year 2021, what is a major experience that impacted you and how will you apply it in 2022?
At this point, I can’t even remember what 2021 was like since it was just a whirlwind of relearning and catching up on life since Covid. Learning how to wear more than just pajamas, leaving the house, how to go to grocery stores that are at capacity, eat out at restaurants, and just the basics of socializing. Along with learning how to be an adult again, I have had to catch up on physical office documents, personal finances, waistline, and my Deannie boy (my dog's) waste line. In the midst of all of this, there is one thing I do remember. I remember being so motivated and inspired by everyone's ability to pivot with last-minute notice, support each other all while standing for what they believe in. I would be blessed to be able to show half the strength of the general community around me going into 2022.
What is your real estate prediction for 2022?
I predict that interest rates will increase, making homes less affordable and refinancing less accessible. With that, we shall see a correction within the real estate market throughout the country including Hawaii. Now Hawaii is still dealing with a supply and demand issue as we live on islands, so I don’t expect the correction to be as significant as the States but only time will tell.
Jacqueline Little (RB-21076)
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Royal Realty (RB-20324)
Broker In Charge, SFR
Cell: 808-294-6386
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Reflecting back on the year 2021, what is a major experience that impacted you and how will you apply it in 2022?
What is your real estate prediction for 2022?
The ending of 2021 has seen a cooling off of buyers’ bidding wars. I’ve seen a more stable home buying market allowing buyers to now to be able to achieve purchasing their dream home at an affordable and reasonable price. I foresee this trend to continue into 2022 as interest rates will slightly rise. Even with the slight increase, interest rates are still within the 3% range with market predictions of 4% towards the end of 2022 giving home buyers some time to buy before the end of the year.
Lynell Hart (RS-63434)
808.783.7831
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Reflecting back on the year 2021, what is a major experience that impacted you and how will you apply it in 2022?
A major experience that impacted my 2021 was the increased stress on both tenants and owners due to the pandemic, finances, and really just all-around uncertainty. This increased stress and uncertainty have caused many tenants and owners to behave/react in ways that they may not have under normal circumstances. Being a property manager means constantly being in between two or more parties trying to solve issues while keeping our client's fiduciary responsibility in mind and being ethical and courteous to all parties involved. This increased stress and sometimes antagonistic behavior from tenants or owners, while not enjoyable to deal with at the moment, has only helped me become a better realtor, property manager, and overall negotiator. When faced with these situations and many times multiple of these situations at once it took up much more of my time and energy. As a result, I was forced to have clearer and better discernment of where and what to spend my time and energy on in order to solve issues, get to resolutions, and keep my sanity in the process. Going into 2022, I will apply these better discernment and negotiation skills to continue to improve my business and success.
What is your real estate prediction for 2022?
My real estate prediction for 2022 is that the rate at which properties are increasing in value will slow, which we are already starting to see. Some parts of the mainland could see more than a just slow down in appreciation and may even decrease in value, but I do not see the Hawaii market decreasing in value due to the shortage of land and strong demand for the islands. I expect the market to still be strong in 2022 but I do expect to see the number of offers per home be less and possibly a slight increase in the number of days on market.
Preston Cope (RA-81911)
808.664.1559
Mailing Address
PO BOX 1120 Honolulu, HI 96807
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