Oahu's real estate market continued to follow typical seasonal trends in May 2026, with steady buyer demand supporting both home and condo prices. While affordability challenges, economic uncertainty, and global events continue to influence buyer behavior, the island's housing market remains resilient.

The 2026 Obon season is officially underway and will run June through September! The Obon festival, a captivating Japanese Buddhist celebration, has become an integral part of Hawaii's cultural tapestry. It is a time when communities gather to honor ancestors, enjoy traditional music and dance, and create lasting memories.

In this month’s Hawaii News Now Sunrise segment, Chad Takesue, Interim CEO of Locations, discusses the recent volatility in mortgage rates and the broader forces shaping today’s housing market. From global uncertainty to local affordability pressures, multiple factors are influencing both buyer behavior and development activity across Oahu.

This year marks the 27th year of the annual Shinnyo Lantern Floating Hawaii ceremony, which takes place this Memorial Day, Monday, May 25, 2026, at Ala Moana Beach in the Honolulu neighborhood of Ala Moana. If you’ve never attended this beautiful and moving event that’s beloved by locals and visitors alike, you’ll want to read on!