Maui Real Estate News & Market Trends

You will find a wealth of information about Maui and Maui Real Estate on our blog. Please leave us a comment if you would like more information. We look forward to serving you. 

Dec. 30, 2018

Home Affordability with Rising Interest Rates

Both current and potential homeowners in Maui are beginning to fee the affects of the rise in interest rates, according to a new report by Zillow Group Inc.  (Z) . 

The higher the rate goes the less a typical home buyer can afford. In 2018 mortgage costs required 21% of a home owner's median income. In Hawaii that number is closer to 30%. In 2017 that number was 15.7% nationally and 23% in Hawaii. Although owning is still more cost effective to renting as the average renter spends 33.6% of their income on housing (as of Dec 2018).

The cost of the property is important but as you can see as the mortgage rates increase so does the amount of chunk that the cost of housing will take out of your pocket. Rates are around 4.83% with further increases expected. 


Rates have gone up quarterly since the beginning of the year. The higher the rate the less you will be able to afford if you are applying for a mortgage. 


Now may be the best time to buy. 



Posted in Market Updates
Sept. 14, 2018

Kihei Villages is now FHA approved!

As of 9/11/2018 is now APPROVED to allow FHA financing!!!

As you may know, as of today, there are only a handful condo complexes worth mentioning in all of Maui County that are approved for FHA financing. Having a condo FHA approved opens the door literally to a much larger pool of home buyers that otherwise couldn't qualify to buy on Maui. If you would like to team up with me to get more complexes re-approved or approved please reach out to me! 

As one of the most popular types of home mortgages, FHA loans can offer a unique and essential option, especially for first-time home buyers. Backed by the Federal Housing Administration, the loans combine less restrictive financial requirements with generous lending terms to create an attractive alternative to conventional financing.

While many borrowers may be aware of the 3.5 percent minimum down payment or that a credit score as low as 580 can still qualify, FHA loans also have lesser-known benefits that are worth factoring into a mortgage decision.  

Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates