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Economist's Point of View on Current Maui Real Estate

Paul Brewbaker, a leading economist  in Hawaii discussed his analysis of the recent  Maui real estate market with the Realtors Association of Maui on their gathering last Friday. A front page Maui News article on this view was published with a title “Economist: Real Estate at Low, Hard Times Gone“.

According to Mr. Brewbaker, “if the Maui real estate prices have not already hit buttom, they are not going to get as much lower”. He therefore said that people should not wait too long to buy if they are hoping for bargains. However,  he also acknowledged that agents are going to feel resistance from clients who might still be wary. But the Federal Reserve has said that it intends to keep interest rates very low and Brewbaker does not consider worries about double-dip recession compelling.

Here at Hoolei, we have seen an increase in the number of people seriously inquiring about these luxury villas. And that is a good sign. With that observation, and considering the arguements Mr. Brewbaker presented, I agree with Mr. Brewbaker that now is the time to buy.

The Real Estate Association of Maui will be posting video and PDF notes midweek so check our their website for that information. A link to the Maui News article was also posted there.

Here at www.emauirealestate.com we have put in a lot of effort to make this website user friendly to assist you in your research of Maui properties. We understand that buyers nowadays are inclined to research first by themselves before calling a REALTOR.  For example, you can go to our search page and you can type in the description of the properties on Maui that you are looking for. However, if you would like to have some personal assistance, we would be happy to assist you in your search for that property that is right for you. You may contact me here.

One thought on “Economist's Point of View on Current Maui Real Estate

  1. Good information. Many Realtors try to paint a rosy picture without taking into account real statistics. What’s your take on the ‘shadow inventory’ of distressed properties?

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