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Hawaii house prices set to fall

House prices in Hawaii rebounded last year to be the highest in the United States.

At the start of the 2010s, median home prices across the Hawaiian islands had fallen to $450,124, down from a pre-recession peak of $537,100 in 2006, according to the online real estate database Zillow.

On the back of an average annual growth rate of 4.1 per cent, by the end of November 2019 median prices were $636,451 — higher than in any other US state.

But that could be set to change, with Zillow forecasting a 0.8% dip in 2020 as the archipelago hits the affordability ceiling, making it the only state where prices will go down.

The FT (£)

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