Official: Quarter of Hawaii home buyers from outside state
HONOLULU (AP) - Hawaii’s head economist says 24% of Hawaii homes have been purchased by buyers from outside the state.
Hawaii Public Radio reported Department of Business, Economic Development and Tourism Chief Economist Eugene Tian shared the data with state lawmakers Tuesday.
Tian says the calculation is based on data from the preceding decade in which about 1,000 of 5,000 homes were purchased by residents of other U.S. states. About 200 homes were purchased by foreign buyers.
Non-resident purchases made up 15% of the sales on Oahu. Tian says the share is higher on the neighbor islands.