Latest Maui Real Estate News

Maui Market Summary

November 2011 Real Estate Statistic From REALTOR^® Assoication of Maui 
Strong buyer-showing activity is now evidenced in actual reported sales, with multiple offers competing for wellpriced properties. Inventories have declined 18% over the past 12 months in Residential and Condo classes.  Many short sales and REO (bank owned) properties will need to be absorbed as sales before we can move ahead to a more normal marketplace. Interest Rates are remaining near historic record lows which may help  motivate would-be Buyers to go ahead and buy IF they can qualify. Current World and US events will have ripple
effects on cost of living, consumer confidence, and our Real Estate Market.

Recent News Articles

Residential Housing Ready to Awaken?
After half a decade of withering sales and slumping prices, there are strong and diverse signs that the single-family housing market is poised for a rebound.

Zillow: Real estate values decline at steady rate toward bottom (CHARTS)
U.S. home values continued to fall in October, but at a rate that has stabilized as the market heads toward a bottom, according to a report from property valuation site Zillow

Housing to Be Key Factor in 2012 Election
HouseLogic, the consumer website for the National Association of Realtors® has released the results from their latest survey. They found that when it comes to the upcoming 2012 election, jobs and housing are at the forefront of voters' minds.

Stronger Lure for Prospective Home Buyers
Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number of cities.

Back in Action: Consumer Confidence on the Rise?
Consumer confidence improved in November, rising 15 points and reaching its highest level since July.

Housing to gradually improve in 2012, NAR economist says
Friday, November 11th, 2011, 4:12 pm Gradual improvement in the housing market is expected next year, with existing-home sales edging up 4% to 5% and new home sales getting an even bigger boost off this year's record lows, the...

Existing-Home Sales Rise Unexpectedly in October
Sales of previously owned homes got an unexpected boost last month while the number of homes on the market continued to decline, according to data released Monday by the National Association of Realtors (NAR).

Realtors(R) Applaud Congress for Reinstating FHA Loan Limits
WASHINGTON, DC--(Marketwire -11/17/11)- The National Association of Realtors® commends Congress for reinstating the loan limit formula and maximum cap for Federal Housing Administration-insured loans for two years.