Hawaii Real Estate Numbers with Scott Higashi of Prudential Locations

(HawaiiNewsNow) - More than 600 houses and condos sold on Oahu last month for prices close to last year's.

42% of sales are first-time home buyers, 18% are trading up or downsizing, and 17% are investors.

Home sales are really important to the economy because people who buy homes generally spend more money on furnishings and appliances. Those first-time buyers tend to be driven by the state of their own lives, not the state of the economy.

Scott Higashi, from Prudential Locations joins Howard later for his take on the market.