Honolulu City Lights

Aloha Pacific FCU is proud to once again support the Honolulu City Lights holiday celebration, launching Saturday, December 4.

This year, Christmas trees are scheduled to be on display in Honolulu Hale. These trees are decorated by city departments each holiday season (except for a pause last year). Viewers will be asked to show proof of vaccination or negative COVID test.

However, the popular Electric Light Parade has been canceled for the second year in a row. The annual wreath contest also has been canceled.

Stay tuned for updates.

Real Estate Reality

Holiday Housing Market

Traditionally, the housing market tends to cool down during the holiday season. Home sellers and buyers focus on family get-togethers and holiday travel between November through mid-January. The market cools off and home sales decline.

This year may be different. With interest rates and housing inventory at record low levels, this holiday season could continue our real estate hot streak. In September 2021, the median single family home sales price was $1,050,000, a 19% increase compared to September 2020. The number of condos sold in September 2021 was almost 35% higher compared to September 2020.

The most impressive numbers, however, were the average of nine days single family homes sat on the market before getting an accepted contract, and 11 days for condos. 

So if you’re thinking of entering the real estate market either as a seller or buyer, the last few months of 2021 offer a lot of opportunities. Our team of agents can help you prepare your home to get the highest sales price, or if you’re buying, we'll help develop a strategy to make an offer the seller can’t refuse.

Credit union members also benefit from discounted sellers’ commissions and bonuses for buyers.

Call our principal broker, Reyn Uehara, at (808) 383-8072 for more information. Make your holiday season special with a great home sale or possibly a new home for the new year!

[posted October 2021]

Investment Tips 101

Interest rates vs. Inflation rate

Article from Aloha Pacific Financial Group

Some people don’t like to risk losing money so they just put all their savings in the credit union. Some of them are even proud of the high amounts they have in their time deposits like CDs and money market accounts.

What they don’t know is that because of inflation, they could actually lose money by not investing it. For example, let’s say the inflation rate is at 3%. If your certificate of deposit is earning 1% annual percentage yield, then your money would be losing buying power every year.

Inflation affects interest rate levels. The higher the inflation rate, the more interest rates are likely to rise. Putting your money in moderate to higher-risk investments could be a way to beat inflation over the long term. Playing it super safe with your money may not always be super great for you as you may be losing money to inflation. You may want to consider diversifying your savings and start putting your eggs in different baskets.

Don’t go and withdraw all your money from your savings and CDs. They are still recommended to keep your funds for emergencies and money you plan to spend in the near future.

Let our in-house professional advisors help you pursue your financial goals. Call us today for your free consultation at 808-539-0136.

Also visit us at AlohaPacificFinancialGroup.com to sign up for our monthly e-newsletter.

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

[posted October 2021]