Maui Real Estate Market Report March 2023: Will Prices Go Down This Year?
Looking back at the last 12 months of the real estate market here on Maui, it has certainly been an interesting period full of speculation and diverging opinions about the near-term impacts that rising interest rates would have on home prices and buyer activity. Last year, many were thinking the market would drop precipitously while others believed that the bull market would continue to run.
The results, at least so far, have been a return to normal market behavior and resemble something closer to the soft landing the Fed has been trying to achieve with its incremental rate hike strategies. While most mainland markets have seen considerable softening since rates went up…
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