Market Perspective: Is The National and Local Real Estate Market Shifting?
Posted by Evan Harlow R(S) on
Broader US Market Conditions And How They Affect Maui
It’s no secret that property values and prices on Maui have increased at an astronomical rate since interest rates were slashed in 2020 during the pandemic. While properties on Maui typically appreciate slightly faster than most other markets, a similar vertical pricing trajectory has been happening across the country. Even today, we are still in one of the hottest seller’s markets in history.
Fortunately for buyers, there are some indicators at the national and local levels that the market is shifting slightly and should begin to level out. The clickbait stories in the national media want us to believe that we are in a housing bubble, but how likely is it that home prices could actually be…
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